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PPP Loan Data — Burr & Burton Seminary, Manchester, VT

SBA PPP loan data, payroll data, and salaries for Burr & Burton Seminary
VT Nonprofit Organization

Burr & Burton Seminary

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Manchester, VT

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Burr & Burton Seminary is a non-profit organization located at 57 Seminary Ave in Manchester, Vermont that received a Coronavirus-related PPP loan from the SBA of $2,532,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Burr & Burton Seminary in Manchester, VT received a Paycheck Protection Loan of $2.53M through BERKSHIRE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Burr & Burton Seminary's total 2019 payroll expenses were approximately $12.16M in order to qualify for the PPP loan amount received.

Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $67,916 per employee1.

Because the loan received by Burr & Burton Seminary is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Burr & Burton Seminary in Manchester, VT

Burr & Burton Seminary
57 Seminary Ave
Manchester, VT 05254

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VT-

Similar Companies near Manchester

In the Manchester area, 2 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 179) and received an average PPP loan of $1,403,850 (compared to this company's $2.53M).

Similar Nearby Businesses Who Received PPP Funding:

Maple Street Foundation
Manchester Center, VT

$275,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 38 employees, 79% lower than Burr & Burton Seminary's reported 179 employees, and received an average PPP loan of $379,166, 85% lower than this company's loan of $2.53M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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