Find out which hospitals, healthcare systems and medical practices have received PPP loans
The Treasury Department and the Small Business Administration released data for the PPP loan on Monday.
The Treasury and Small Business Administration (SBA) Department on Monday released data relating to loans administered through the Paycheck Protection Program (PPP).
Established by 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 says it will cancel the loans “if all employee retention criteria are met and funds are used for qualifying expenses.”
Supplier organizations have considered their options for financially solvent during the 2019 coronavirus disease (COVID-19) outbreak and some had sought clarification from the SBA as to whether they were eligible to apply for a loan under the program. In early May, the agency said that nonprofit hospitals met the definition in Section 115 of the Federal Tax Code of a “nonprofit organization” under Section 1102 of the CARES Act. .
In addition, in early May, the Health Resources & Services Administration released a list of provider organizations that have received payments from the Provider Relief Fund established by the CARES Act.