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Thursday, September 11, 2025

HHS provides $4.7 million to businesses in Princeton under CARES Act

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Through the fourth quarter of 2020, businesses in Princeton received $4.7 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 Indiana 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 Reid Hospital & Health Care Services, Inc. with a total of $58.5 million. The average loan size in the city was $310,381 while the state's average loan amount was $352,160.

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
1Gibson General Hospital, Inc.$4,362,743
2Gibson County Area Rehabilitation Centers, Inc.$183,773
3Cox Family Eye Care, P.C.$34,485
4Graber Family Dentistry$13,154
5Rachel S. Harvey$12,723
6Stratton Family Dental, LLC$11,471
7Best Way Counseling, Inc.$10,503
8Richard J. Loesch$9,554
9Sridhar Bhaskara LLC, M.D.$9,527
10Linda S Neuhoff PC, OD$3,510
11Michelle L Snyder LLC, D.O.$1,489
12Wendy Williams FNP, LLC$1,222
13Back2health Princeton, LLC$757
14Ken a Beckerman LLC, D.D.S.$556
15Gibson County Chiropractic, LLC$250

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