PPP Loan Data — Shenandoah Medical Center, Shenandoah, IA
Shenandoah Medical Center is a non-profit organization located at 300 Pershing Ave in Shenandoah, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,558,900.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:FIRST HERITAGE BANK
Shenandoah Medical Center received a Paycheck Protection Loan of $3.56M through FIRST HERITAGE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Shenandoah Medical Center's total 2019 payroll expenses were approximately $17.08M in order to qualify for the PPP loan amount received.
Unlike most businesses, Shenandoah Medical Center's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Shenandoah Medical Center in Shenandoah, IA
300 Pershing Ave
Shenandoah, IA 51601
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-03
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, and received an average PPP loan of $491,002, 86% lower than this company's loan of $3.56M.
FederalPay's PPP Information Policy
Footnotes & Information
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