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PPP Loan Data — North Philadelphia Health Systems,
Philadelphia, PA
North Philadelphia Health Systems
Entity: Corporation
Industry: Psychiatric and Substance Abuse Hospitals
Location: Philadelphia, PA
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North Philadelphia Health Systems is a corporation located at 801 W Girard Avenue in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,696,456.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
341Loan Approved:
2020-04-09Lender:
REPUBLIC FIRST BANK D/B/A REPUBLIC BANKNorth Philadelphia Health Systems received a Paycheck Protection Loan of $4.7M through REPUBLIC FIRST BANK D/B/A REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, North Philadelphia Health Systems' total 2019 payroll expenses were approximately $22.54M in order to qualify for the PPP loan amount received.
Based on their reported 341 jobs retained, this equals an estimated average yearly compensation of $66,108 per employee1.
Business Information - North Philadelphia Health Systems in Philadelphia, PA
801 W Girard Avenue
Philadelphia, PA 19122
Business Industry
Psychiatric and Substance Abuse Hospitals (NAICS code 622210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-02Similar Companies near Philadelphia
In the Philadelphia area, 2 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a PPP loan. These local businesses reported an average of 234 employees (compared to this company's 341) and received an average PPP loan of $2,788,526 (compared to this company's $4.7M).
Similar Nearby Businesses Who Received PPP Funding:
Kensington Hospital
Philadelphia, PA
Industry PPP Comparison Statistics
Nationwide, 767 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a total of $269,257,685.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 34 employees, 90% lower than North Philadelphia Health Systems' reported 341 employees, and received an average PPP loan of $351,053, 93% lower than this company's loan of $4.7M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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