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PPP Loan Data — ST. Peter Community Hospital, Saint Peter, MN

SBA PPP loan data, payroll data, and salaries for ST. Peter Community Hospital
MN Nonprofit Organization

ST. Peter Community Hospital

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Saint Peter, MN

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ST. Peter Community Hospital is a non-profit organization located at 1900 N. Sunrise Drive in Saint Peter, Minnesota that received a Coronavirus-related PPP loan from the SBA of $1,577,600.00 in April, 2020.

The company has reported itself as a female owned non-profit, and employed at least 154 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4849197209

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


Pioneer Bank

ST. Peter Community Hospital in Saint Peter, MN received a Paycheck Protection Loan of $1.58M through Pioneer Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, ST. Peter Community Hospital's 2019 payroll expenses are estimated to be at least $7.57M.

Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $49,172 per employee1

Reported PPP Proceed Usage:

On the PPP application, ST. Peter Community Hospital reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,577,600

Business Information - ST. Peter Community Hospital in Saint Peter, MN

ST. Peter Community Hospital
1900 N. Sunrise Drive
Saint Peter, MN 56082

Business Industry:
General Medical and Surgical Hospitals
NAICS code 622110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Nicollet County, MN — SBA Office 0508 — Congressional District: MN-01

Similar Companies near Saint Peter

In the Saint Peter area, 3 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 154) and received an average PPP loan of $549,892 (compared to this company's $1.58M).

Industry PPP Comparison Statistics

Nationwide, 9,269 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3.57B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 36 employees, 77% lower than ST. Peter Community Hospital's reported 154 employees, and received an average PPP loan of $385,289, 76% lower than this company's loan of $1.58M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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