PPP Loan Data — NOR-Lea Hospital District, Lovington, NM
NOR-Lea Hospital District is a non-profit organization located at 1600 N Main Ave in Lovington, New Mexico that received a Coronavirus-related PPP loan from the SBA of $6,654,000.00 in April, 2020.
$ PPP Loan Information
Lender:LEA COUNTY STATE BANK
NOR-Lea Hospital District received a Paycheck Protection Loan of $6.65M through LEA COUNTY STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, NOR-Lea Hospital District's total 2019 payroll expenses were approximately $31.94M in order to qualify for the PPP loan amount received.
Based on their reported 497 jobs retained, this equals an estimated average yearly compensation of $64,264 per employee1.
Business Information - NOR-Lea Hospital District in Lovington, NM
1600 N Main Ave
Lovington, NM 88260
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NM-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, 92% lower than NOR-Lea Hospital District's reported 497 employees, and received an average PPP loan of $491,002, 93% lower than this company's loan of $6.65M.
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Footnotes & Information
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