PPP Loan Data — Clarke University Of Dubuque, Iowa, Dubuque, IA
Clarke University Of Dubuque, Iowa is a non-profit organization located at 1550 Clarke Dr in Dubuque, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,909,100.00 in April, 2020.
$ PPP Loan Information
Lender:DUBUQUE BANK AND TRUST COMPANY
Clarke University Of Dubuque, Iowa in Dubuque, IA received a Paycheck Protection Loan of $2.91M through DUBUQUE BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Clarke University Of Dubuque, Iowa's total 2019 payroll expenses were approximately $13.96M in order to qualify for the PPP loan amount received.
Based on their reported 462 jobs retained, this equals an estimated average yearly compensation of $30,224 per employee1.
Business Information - Clarke University Of Dubuque, Iowa in Dubuque, IA
1550 Clarke Dr
Dubuque, IA 52001
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-01
Similar Companies near Dubuque
In the Dubuque area, 2 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 477 employees (compared to this company's 462) and received an average PPP loan of $3,384,150 (compared to this company's $2.91M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,077 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $1,723,864,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 86 employees, 81% lower than Clarke University Of Dubuque, Iowa's reported 462 employees, and received an average PPP loan of $829,978, 71% lower than this company's loan of $2.91M.
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.
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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