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PPP Loan Data — Rural Health Group, Inc., Roanoke Rapids, NC

SBA PPP loan data, payroll data, and salaries for Rural Health Group, Inc.
NC Nonprofit Organization

Rural Health Group, Inc.

Entity: Non-profit Organization

Industry: All Other Outpatient Care Centers

Location: Roanoke Rapids, NC

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Rural Health Group, Inc. is a non-profit organization located at 500 Jackson Street in Roanoke Rapids, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,894,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.89M

Jobs Retained:

340

Loan Approved:

2020-04-10

Lender:

FIRST-CITIZENS BANK & TRUST COMPANY

Rural Health Group, Inc. received a Paycheck Protection Loan of $3.89M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Rural Health Group, Inc.'s total 2019 payroll expenses were approximately $18.69M in order to qualify for the PPP loan amount received.

Based on their reported 340 jobs retained, this equals an estimated average yearly compensation of $54,981 per employee1.

Because the loan received by Rural Health Group, 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 - Rural Health Group, Inc. in Roanoke Rapids, NC

Rural Health Group, Inc.
500 Jackson Street
Roanoke Rapids, NC 27870

Business Industry

All Other Outpatient Care Centers (NAICS code 621498)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-01

Industry PPP Comparison Statistics

Nationwide, 5,588 businesses in the "All Other Outpatient Care Centers" industry received a total of $1,142,796,792.00 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 17 employees, 95% lower than Rural Health Group, Inc.'s reported 340 employees, and received an average PPP loan of $204,509, 95% lower than this company's loan of $3.89M.

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.

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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/rural-health-group-inc-roanoke-rapids-nc