PPP Loan Data — Mount Desert Island Hospital, Bar Harbor, ME
Mount Desert Island Hospital is a non-profit organization located at 10 Wayman Lane in Bar Harbor, Maine that received a Coronavirus-related PPP loan from the SBA of $6,956,300.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST NATIONAL BANK
Mount Desert Island Hospital received a Paycheck Protection Loan of $6.96M through FIRST NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mount Desert Island Hospital's total 2019 payroll expenses were approximately $33.39M in order to qualify for the PPP loan amount received.
Based on their reported 420 jobs retained, this equals an estimated average yearly compensation of $79,501 per employee1.
Business Information - Mount Desert Island Hospital in Bar Harbor, ME
10 Wayman Lane
Bar Harbor, ME 4609
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ME-02
Industry PPP Comparison Statistics
Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 40 employees, 90% lower than Mount Desert Island Hospital's reported 420 employees, and received an average PPP loan of $491,002, 93% lower than this company's loan of $6.96M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!