Psychiatric and Substance Abuse Hospitals

Businesses and organizations in the Psychiatric and Substance Abuse Hospitals industry (NAICS code 6222, part of the Health Care and Social Assistance sector) received 1,054 PPP loans totaling $316.5M during the COVID-19 pandemic.

The average loan for this industry was $300,253 — above the national PPP average of approximately $67,000. This reflects the relatively large size of many businesses in this sector, which tend to have higher payroll costs and more employees.

95.8% of loans in this industry were forgiven — totaling $302.8M. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include BRATTLEBORO RETREAT of BRATTLEBORO, VT ($7,804,895); FOUR WINDS, INC. of KATONAH, NY ($7,537,990); and SANA HEALTCARE CARROLLTON of CARROLLTON, TX ($6,897,117).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Health Care and Social Assistance sector — health care, social assistance, and related services. — businesses in NAICS 6222 were particularly positioned as essential workers during the pandemic, with PPP funds helping to maintain health care capacity.