PPP Loan Data — Trego County Lemke Memorial Hospital, Wakeeney, KS
Trego County Lemke Memorial Hospital is a non-profit organization located at 320 N 13th Street in Wakeeney, Kansas that received a Coronavirus-related PPP loan from the SBA of $1,878,200.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 162 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Solutions North Bank
Trego County Lemke Memorial Hospital in Wakeeney, KS received a Paycheck Protection Loan of $1.88M through Solutions North Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, Trego County Lemke Memorial Hospital's 2019 payroll expenses are estimated to be at least $9.02M.
Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $55,650 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trego County Lemke Memorial Hospital reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,878,200
Business Information - Trego County Lemke Memorial Hospital in Wakeeney, KS
320 N 13th Street
Wakeeney, KS 67672
General Medical and Surgical Hospitals
NAICS code 622110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
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, 78% lower than Trego County Lemke Memorial Hospital's reported 162 employees, and received an average PPP loan of $385,289, 79% lower than this company's loan of $1.88M.
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Footnotes & Information
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