PPP Loan Data — Morehouse Parish Hospital Service District No. 1, Bastrop, LA
Morehouse Parish Hospital Service District No. 1 is a non-profit organization located at 323 Walnut Ave in Bastrop, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,806,488.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Morehouse Parish Hospital Service District No. 1 in Bastrop, LA received a Paycheck Protection Loan of $2.81M through Origin Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Morehouse Parish Hospital Service District No. 1's 2019 payroll expenses are estimated to be at least $13.47M.
Based on their reported 303 jobs retained, this equals an estimated average yearly compensation of $44,459 per employee1
Reported PPP Proceed Usage:
On the PPP application, Morehouse Parish Hospital Service District No. 1 reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,245,191
- Utilities: $561,298
Business Information - Morehouse Parish Hospital Service District No. 1 in Bastrop, LA
323 Walnut Ave
Bastrop, LA 71220
General Medical and Surgical Hospitals
NAICS code 622110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Bastrop
In the Bastrop area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 153 employees (compared to this company's 303) and received an average PPP loan of $1,405,244 (compared to this company's $2.81M).
Similar Nearby Businesses Who Received PPP Funding:
Transparent Provider Recruiting, LLC
Industry PPP Comparison Statistics
Nationwide, 9,269 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3.57B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 36 employees, 88% lower than Morehouse Parish Hospital Service District No. 1's reported 303 employees, and received an average PPP loan of $385,289, 86% lower than this company's loan of $2.81M.
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Footnotes & Information
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