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East Little Rock Times

Sunday, November 10, 2024

HHS provides $791,211 to businesses in Beebe under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Beebe received $791,211 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 Arkansas received $931.5 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 Baptist Health with a total of $79.2 million. The average loan size in the city was $71,928 while the state's average loan amount was $270,064.

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
1Beebe Retirement Center, Inc.$608,250
2Paul & Ashley FRY, LLC$118,205
3Beebe Family Dentistry Pa$14,255
4Beebe Physical Therapy, PLLC$12,575
5Lance a. Mcgraw, PLLC, D.D.S.$10,833
6Life Within Counseling Group$9,799
7Beebe Family Eye Care$6,925
8Kidz Kan, LLC$5,131
9Dunlap Chiropractic, PLLC$2,492
10Williams Chiropractic Wellness Center, Inc.$2,243
11Health Way of Beebe, Inc.$503

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