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Monday, November 25, 2024

HHS provides $241,206 to businesses in Carmi under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Carmi received $241,206 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 Illinois received $5.2 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 Advocate Health and Hospitals Corporation with a total of $316 million. The average loan size in the city was $26,801 while the state's average loan amount was $335,543.

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
1Zahid Saqib$132,029
2Wabash Estates LP$33,830
3County of White$30,359
4Clint T Taylor LLC, OD$20,080
5Zahid Saqib, M.D.$13,487
6Gholson Chiropractic Life & Health, Ltd.$6,698
7Oak Street Chiropractic, LLC$2,866
8Plum Street Pharmacy$1,853
9Lars Gentry$4

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