The Department of the Treasury and the Small Business Administration released the PPP loan data Monday.
The Department of the Treasury and the Small Business Administration (SBA) released data Monday related to loans administered through the Paycheck Protection Program (PPP).
Established through the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, PPP loans are "designed to provide a direct incentive for small businesses to keep their workers on the payroll." Additionally, the SBA states that it will forgive loans "if all employee retention criteria are met, and the funds are used for eligible expenses."
The small business loan program was rolled out to great demand but soon ran out of funding by mid-April until President Donald Trump signed an interim $484 billion stimulus package on April 24 which included $310 billion for the program. Starting Monday morning, the PPP began accepting applications again, with a new deadline set for August 8.
Provider organizations have been examining their options to financially solvent during the coronavirus disease 2019 (COVID-19) outbreak and some had requested clarification from the SBA about if they were eligible to apply for a loan through the program. In early May, the agency stated that nonprofit hospitals meet the federal tax code's Section 115 definition of a "nonprofit organization" under Section 1102 of the CARES Act.
Also, in early May, the Health Resources & Services Administration released a list of the provider organizations that received payments from the Provider Relief Fund created by the CARES Act.
Below is a list of some of the hospitals, health systems, and physician practices that received PPP loans of more than $150,000:
Between $5 million to $10 million:
- North Philadelphia Health Systems, based in Philadelphia
- Three Rivers Health Systems Inc., based in Three Rivers, Michigan
- Kona Community Hospital, based in Kealakekua, Hawaii
- Abbeville General Hospital, based in Abbeville, Louisiana
- Community Hospital of Anaconda, based in Anaconda, Montana
- Alliance Medical Group, based in Garden City, Idaho
- Grays Harbor Community Hospital, based in Aberdeen, Washington
- Aitkin Community Hospital Inc., based in Aitkin, Minnesota
- Roseland Community Hospital Association, based in Chicago
- North Ottawa Community Hospital, Grand Haven, Michigan
Between $2 million to $5 million:
- SAC Health System, based in San Bernardino, California
- Santé Health System, based in Fresno
- Jessie Trice Community Health System, based in Miami
- Hancock County Health System, based in Britt, Iowa
- Valley Health Systems, Inc., based in Huntington, West Virginia
- Utah Emergency Physicians, P.C., based in Salt Lake City
- Adams County Regional Medical Center, based in Seamen, Ohio
- Mitchell County Hospital Health Systems, based in Beloit, Kansas
- Taos Health Systems, based in Taos, New Mexico
- Valley-Wide Health Systems, Inc., based in Alamosa, Colorado
- Abbeville Area Medical Center, based in Abbeville, South Carolina
Between $1 million to $2 million:
- West Carroll Health Systems, LLC, based in Oak Grove, Louisiana
- Ninnescah Valley Health Systems, Inc., based in Kingman, Kansas
- Ohio North East Health Systems, Inc., based in Youngstown, Ohio
- Southwest Virginia Community Health Systems, based in Saltville, Virginia
- Alivio Medical Center, Inc., based in Chicago
Between $350,000 to $1 million:
- Madison County Health Care System, based in Madison, Florida
- United Health Services, Inc., based in Binghamton, New York
- Majoris Health Systems Oswego Inc., based in Lake Oswego, Oregon
- Community Hospitals Oncology Physicians, LLC, based in Carmel, Indiana
- Mid-Delta Health Systems, Inc., based in Clarendon, Arkansas
- Houston County Community Hospital, based in Erin, Texas
- Webster County Community Hospital, based in Red Cloud, Nebraska
Related: Bankrupt Hospitals Sue Feds for Paycheck Protection Program Loans
Between $150,000 to $350,000:
- Baptist Health System, Inc., based in Birmingham, Alabama
- United Physicians Care Center, based in Salt Lake City
- Southeast Community Health System, based in Zachary, Louisiana
- BMS Physician Practice, a Medical Group, Inc., based in Orange, California
- AllCare Medical Centers, P.C., based in Bradenton, Florida
- Medwell Physician Practice, LLC, based in Holbrook, Massachusetts
For a full list of organizations that have received PPP loans of $150,000 and above, review the datasets here.
For a full list of organizations that have received PPP loans of less than $150,000, review the datasets here.
Jack O'Brien is the finance editor at HealthLeaders, a Simplify Compliance brand.