PPP Loan Data — The Memorial Hospital, Craig, CO
The Memorial Hospital is a non-profit organization located at 750 Hospital Loop in Craig, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:GREAT WESTERN BANK
The Memorial Hospital in Craig, CO received a Paycheck Protection Loan of $3M through GREAT WESTERN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Memorial Hospital's total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.
Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $36,272 per employee1.
Business Information - The Memorial Hospital in Craig, CO
750 Hospital Loop
Craig, CO 81625
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-03
Similar Companies near Craig
In the Craig area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 199 employees (compared to this company's 397) and received an average PPP loan of $1,663,303 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Community Clinics At Memorial Regional Health
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, 90% lower than The Memorial Hospital's reported 397 employees, and received an average PPP loan of $491,002, 84% lower than this company's loan of $3M.
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Footnotes & Information
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