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PPP Loan Data — Salem County Hospital Corp,
Salem, NJ
Salem County Hospital Corp
Entity: Non-profit Organization
Industry: General Medical and Surgical Hospitals
Location: Salem, NJ
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Salem County Hospital Corp is a non-profit organization located at 310 Woodstown Road in Salem, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,251,352.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
322Loan Approved:
2020-04-13Lender:
TD BANK, NATIONAL ASSOCIATIONSalem County Hospital Corp in Salem, NJ received a Paycheck Protection Loan of $4.25M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Salem County Hospital Corp's total 2019 payroll expenses were approximately $20.41M in order to qualify for the PPP loan amount received.
Based on their reported 322 jobs retained, this equals an estimated average yearly compensation of $63,374 per employee1.
Business Information - Salem County Hospital Corp in Salem, NJ
310 Woodstown Road
Salem, NJ 8079
Business Industry
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-02Industry 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, 88% lower than Salem County Hospital Corp's reported 322 employees, and received an average PPP loan of $491,002, 88% lower than this company's loan of $4.25M.
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.
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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