PPP Loan Data — North Caddo Hospital Service District, Benton, LA
North Caddo Hospital Service District is a non-profit organization located at 815 South Pine in Benton, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,668,514.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens National Bank, National Association
North Caddo Hospital Service District in Benton, LA received a Paycheck Protection Loan of $2.67M through Citizens National Bank, National Association, 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, North Caddo Hospital Service District's 2019 payroll expenses are estimated to be at least $12.81M.
Based on their reported 310 jobs retained, this equals an estimated average yearly compensation of $41,319 per employee1
Reported PPP Proceed Usage:
On the PPP application, North Caddo Hospital Service District reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,668,514
Business Information - North Caddo Hospital Service District in Benton, LA
815 South Pine
Benton, LA 71082
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: Urban
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 North Caddo Hospital Service District's reported 310 employees, and received an average PPP loan of $385,289, 86% lower than this company's loan of $2.67M.
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Footnotes & Information
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