PPP Loan Data — Ortonville Area Health Services, Ortonville, MN
Ortonville Area Health Services is a non-profit organization located at 450 Eastvold Avenue in Ortonville, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,521,431.00 in April, 2020.
$ PPP Loan Information
Lender:FRANDSEN BANK & TRUST
Ortonville Area Health Services in Ortonville, MN received a Paycheck Protection Loan of $2.52M through FRANDSEN BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ortonville Area Health Services' total 2019 payroll expenses were approximately $12.1M in order to qualify for the PPP loan amount received.
Based on their reported 286 jobs retained, this equals an estimated average yearly compensation of $42,318 per employee1.
Business Information - Ortonville Area Health Services in Ortonville, MN
450 Eastvold Avenue
Ortonville, MN 56278
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-07
Similar Companies near Ortonville
In the Ortonville area, 3 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 286) and received an average PPP loan of $892,420 (compared to this company's $2.52M).
Similar Nearby Businesses Who Received PPP Funding:
TC Audiology LLC
Northside Medical Clinic
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, 86% lower than Ortonville Area Health Services' reported 286 employees, and received an average PPP loan of $491,002, 81% lower than this company's loan of $2.52M.
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Footnotes & Information
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