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PPP Loan Data — Sparta Community Hospital District, Sparta, IL

SBA PPP loan data, payroll data, and salaries for Sparta Community Hospital District
IL

Sparta Community Hospital District

Entity: Corporation

Industry: General Medical and Surgical Hospitals

Location: Sparta, IL

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Sparta Community Hospital District is a corporation located at 818 East Broadway in Sparta, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,800,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.8M

Jobs Retained:

315

Loan Approved:

2020-04-27

Lender:

THE FIRST NATIONAL BANK OF SPARTA

Sparta Community Hospital District in Sparta, IL received a Paycheck Protection Loan of $2.8M through THE FIRST NATIONAL BANK OF SPARTA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sparta Community Hospital District's total 2019 payroll expenses were approximately $13.44M in order to qualify for the PPP loan amount received.

Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $42,667 per employee1.

Because the loan received by Sparta Community Hospital District 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 - Sparta Community Hospital District in Sparta, IL

Sparta Community Hospital District
818 East Broadway
Sparta, IL 62286

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-12

Similar Companies near Sparta

In the Sparta area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 315) and received an average PPP loan of $1,410,415 (compared to this company's $2.8M).

Similar Nearby Businesses Who Received PPP Funding:

Donald Renk
Sparta, IL

$20,830 PPP Loan

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, 87% lower than Sparta Community Hospital District's reported 315 employees, and received an average PPP loan of $491,002, 82% lower than this company's loan of $2.8M.

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/sparta-community-hospital-district-sparta-il