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PPP Loan Data — Punxsutawney Area Hospital, Inc, Punxsutawney, PA

SBA PPP loan data, payroll data, and salaries for Punxsutawney Area Hospital, Inc
PA Nonprofit Organization

Punxsutawney Area Hospital, Inc

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Punxsutawney, PA

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Punxsutawney Area Hospital, Inc is a non-profit organization located at 81 Hillcrest Dr in Punxsutawney, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,227,961.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.23M

Jobs Retained:

392

Loan Approved:

2020-04-08

Lender:

S & T BANK

Punxsutawney Area Hospital, Inc in Punxsutawney, PA received a Paycheck Protection Loan of $4.23M through S & T BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Punxsutawney Area Hospital, Inc's total 2019 payroll expenses were approximately $20.29M in order to qualify for the PPP loan amount received.

Based on their reported 392 jobs retained, this equals an estimated average yearly compensation of $51,771 per employee1.

Because the loan received by Punxsutawney Area Hospital, Inc 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 - Punxsutawney Area Hospital, Inc in Punxsutawney, PA

Punxsutawney Area Hospital, Inc
81 Hillcrest Dr
Punxsutawney, PA 15767

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-15

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, 90% lower than Punxsutawney Area Hospital, Inc's reported 392 employees, and received an average PPP loan of $491,002, 88% lower than this company's loan of $4.23M.

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.

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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/punxsutawney-area-hospital-inc-punxsutawney-pa