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PPP Loan Data — The Van Wert County Hospital Asspciation,
Van Wert, OH
The Van Wert County Hospital Asspciation
Entity: Non-profit Organization
Industry: General Medical and Surgical Hospitals
Location: Van Wert, OH
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The Van Wert County Hospital Asspciation is a non-profit organization located at 1250 S. Washington St. in Van Wert, Ohio that received a Coronavirus-related PPP loan from the SBA of $5,044,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
485Loan Approved:
2020-04-06Lender:
FIRST FINANCIAL BANKThe Van Wert County Hospital Asspciation received a Paycheck Protection Loan of $5.04M through FIRST FINANCIAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Van Wert County Hospital Asspciation's total 2019 payroll expenses were approximately $24.22M in order to qualify for the PPP loan amount received.
Based on their reported 485 jobs retained, this equals an estimated average yearly compensation of $49,928 per employee1.
Business Information - The Van Wert County Hospital Asspciation in Van Wert, OH
1250 S. Washington St.
Van Wert, OH 45891
Business Industry
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-05Industry 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, 92% lower than The Van Wert County Hospital Asspciation's reported 485 employees, and received an average PPP loan of $491,002, 90% lower than this company's loan of $5.04M.
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.
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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