PPP Loan Data — Sparta Community Hospital District, Sparta, IL
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
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.
Business Information - Sparta Community Hospital District in Sparta, IL
818 East Broadway
Sparta, IL 62286
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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:
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
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!