PPP Loan Data — Washington County Hospital, Washington, IA
Washington County Hospital is a professional association located at 400 E Polk St in Washington, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,288,400.00 in April, 2020.
$ PPP Loan Information
Lender:WASHINGTON STATE BANK
Washington County Hospital in Washington, IA received a Paycheck Protection Loan of $4.29M through WASHINGTON STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Washington County Hospital's total 2019 payroll expenses were approximately $20.58M in order to qualify for the PPP loan amount received.
Based on their reported 336 jobs retained, this equals an estimated average yearly compensation of $61,263 per employee1.
Business Information - Washington County Hospital in Washington, IA
400 E Polk St
Washington, IA 52353
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-02
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, 88% lower than Washington County Hospital's reported 336 employees, and received an average PPP loan of $491,002, 89% lower than this company's loan of $4.29M.
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Footnotes & Information
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