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PPP Loan Data — The Van Wert County Hospital Asspciation, Van Wert, OH

SBA PPP loan data, payroll data, and salaries for The Van Wert County Hospital Asspciation
OH Nonprofit Organization

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:

$5.04M

Jobs Retained:

485

Loan Approved:

2020-04-06

Lender:

FIRST FINANCIAL BANK

The 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.

Because the loan received by The Van Wert County Hospital Asspciation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Van Wert County Hospital Asspciation in Van Wert, OH

The Van Wert County Hospital Asspciation
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-05

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, 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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-van-wert-county-hospital-asspciation-van-wert-oh