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PPP Loan Data — Russell County Community Hospital LLC, Phenix City, AL

SBA PPP loan data, payroll data, and salaries for Russell County Community Hospital LLC
AL

Russell County Community Hospital LLC

Entity: Limited Liability Company (LLC)

Industry: HMO Medical Centers

Location: Phenix City, AL

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Russell County Community Hospital LLC is a limited liability company (LLC) located at 4401 Riverchase Dr in Phenix City, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,496,669.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.5M

Jobs Retained:

379

Loan Approved:

2020-04-08

Lender:

SYNOVUS BANK

Russell County Community Hospital LLC in Phenix City, AL received a Paycheck Protection Loan of $3.5M through SYNOVUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Russell County Community Hospital LLC's total 2019 payroll expenses were approximately $16.78M in order to qualify for the PPP loan amount received.

Based on their reported 379 jobs retained, this equals an estimated average yearly compensation of $44,285 per employee1.

Because the loan received by Russell County Community Hospital LLC 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 - Russell County Community Hospital LLC in Phenix City, AL

Russell County Community Hospital LLC
4401 Riverchase Dr
Phenix City, AL 36867

Business Industry

HMO Medical Centers (NAICS code 621491)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-03

Industry PPP Comparison Statistics

Nationwide, 742 businesses in the "HMO Medical Centers" industry received a total of $192,745,263.00 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 23 employees, 94% lower than Russell County Community Hospital LLC's reported 379 employees, and received an average PPP loan of $259,765, 93% lower than this company's loan of $3.5M.

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/russell-county-community-hospital-llc-phenix-city-al