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Friday, November 22, 2024

HHS provides $1.3 million to businesses in Kings Mountain under CARES Act

Genbusiness007

Through the fourth quarter of 2020, businesses in Kings Mountain received $1.3 million 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 North Carolina received $2.3 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 Carolinas Medical Center with a total of $135.4 million. The average loan size in the city was $58,864 while the state's average loan amount was $245,727.

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
1Hospice of Cleveland County, Inc.$615,045
2Carolinas Continuecare at Kings Mountain$351,967
3Pharmaceutical Specialties, LLC.$85,134
4Kings Clinic and Urgent Care, PLLC$44,439
5G. K. Howard, JR PA, D.D.S.$35,415
6Bryan S Baker and Stephen a Baker D.D.S. PA, D.D.S.$29,910
7Gaurang Palikh PC, M.D.$22,297
8Eastridge Family Medicine$20,218
9Singh Surgical Associates, PC$18,551
10Ruby Katherine Gordon$14,530
11Kings Mountain Care Center, Inc.$14,129
12Cleveland County Life Saving and Rescue Squad, Inc.$13,175
13Abdul R Gangoo PA, M.D.$8,015
14Christian G Anderson PA, M.D.$6,372
15Mason & Mincey PA, OD$5,317
16Kings Mountain Pediatrics, PLLC$4,255
17Everette B Thombs, M.D.$3,366
18Chiropractic Physicians of the Carolinas Kings Mountain$1,329
19DR James R Mason Optometrist, PLLC$707
20George Randall$400
21Beam & Wease of Kings Mountain, Inc.$249
22Mountain Street Pharmacy, Inc.$182

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