PPP Loan Data — ST. Peter Community Hospital, Saint Peter, MN
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 Status:Ongoing Loan
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.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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
1900 N. Sunrise Drive
Saint Peter, MN 56082
General Medical and Surgical Hospitals
NAICS code 622110
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
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).
Similar Nearby Businesses Who Received PPP Funding:
Mogensen Anesthesia Services LLC
Saint Peter, MN
Saint Peter, MN
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
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!