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Sunday, September 29, 2024

HHS provides $234,423 to businesses in Sierra Madre under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Sierra Madre received $234,423 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 California received $8.6 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 County of Los Angeles with a total of $315.4 million. The average loan size in the city was $15,628 while the state's average loan amount was $175,782.

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
1Patrick Y Challita Inc., D.D.S.$98,636
2Dan Tien Nguyen APC, D.D.S.$41,356
3Thoi Lien a Professional Corporation, M.D.$23,295
4Edward P. Laurance, Inc., M.D.$20,548
5Sierra Madre Community Medical Group$14,797
6Kenny Liu MSD Inc., D.D.S.$6,930
7Craig Arlin Johnson$6,626
8City of Sierra Madre$6,612
9Linda Crawford$2,884
10A. G. Padua Inc., D.D.S.$2,839
11On the Move Physical Therapy, P.C.$2,757
12Monica Karbassioun$2,327
13Haig Gazarian Dental Corporation$2,044
14John Talevich$1,991
15Edward Laurance$781

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