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PPP Loan Data — Plains Hospital Corporation, Plains, MT

SBA PPP loan data, payroll data, and salaries for Plains Hospital Corporation
MT Nonprofit Organization

Plains Hospital Corporation

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Plains, MT

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Plains Hospital Corporation is a non-profit organization located at 10 Kruger Road in Plains, Montana that received a Coronavirus-related PPP loan from the SBA of $2,633,300.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 225 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.63M

Jobs Retained:

225

Loan Approved:

2020-04-04

Lender:

GLACIER BANK

Plains Hospital Corporation in Plains, MT received a Paycheck Protection Loan of $2.63M through GLACIER BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Plains Hospital Corporation's total 2019 payroll expenses were approximately $12.64M in order to qualify for the PPP loan amount received.

Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $56,177 per employee1.

Because the loan received by Plains Hospital Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Plains Hospital Corporation in Plains, MT

Plains Hospital Corporation
10 Kruger Road
Plains, MT 59859

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MT-

Similar Companies near Plains

In the Plains area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 133 employees (compared to this company's 225) and received an average PPP loan of $1,521,650 (compared to this company's $2.63M).

Similar Nearby Businesses Who Received PPP Funding:

Granite County Hospital District
Philipsburg, MT

$410,000 PPP Loan

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, 82% lower than Plains Hospital Corporation's reported 225 employees, and received an average PPP loan of $491,002, 81% lower than this company's loan of $2.63M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/plains-hospital-corporation-plains-mt