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Sunday, September 29, 2024

HHS provides $77,012 to businesses in Springvale under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Springvale received $77,012 in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in Maine received $489.3 million in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was Mainehealth with a total of $94.8 million. The average loan size in the city was $7,701 while the state's average loan amount was $242,474.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1Knudsen, LLC$41,708
2Compass Behavioral Health$12,807
3Mousam Valley Podiatry PA$7,488
4Anchor Senior Care, LLC$6,417
5Suzanne Plano$2,593
6Body in Balance Physical Therapy, Inc.$2,392
7Just for Women Gynecology PA$1,968
8Susan Soverel$625
9Sanford Family Eyecare$586
10Joyful Counseling Services$428

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