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Sunday, November 24, 2024

HHS provides $923,601 to businesses in North Mankato under CARES Act

Genbusiness007

Through the fourth quarter of 2020, businesses in North Mankato received $923,601 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 Minnesota received $1.9 billion 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 Allina Health System with a total of $152.2 million. The average loan size in the city was $115,450 while the state's average loan amount was $352,102.

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
1Oak Terrace Health Care Center of Gaylord, LLC$317,606
2Oak Terrace Assisted Living of North Mankato, LLC$168,066
3Cornelia Cottages, LLC$141,435
4Commerce Drive Dental Group$101,796
5Cottages Greater Mankato Operations, LLC$79,620
6The Cottages, LLC$57,923
7North Mankato Family Dentistry, P. A.$42,660
8Advanced Chiropractic of Mankato, PC$14,495

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