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PPP Loan Data — Concordia College Of The German Evangelical Lutheran Synod O, Clayton, MO

SBA PPP loan data, payroll data, and salaries for Concordia College Of The German Evangelical Lutheran Synod O
MO Nonprofit Organization

Concordia College Of The German Evangelical Lutheran Synod O

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Clayton, MO

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Concordia College Of The German Evangelical Lutheran Synod O is a non-profit organization located at 801 Seminary Pl in Clayton, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,303,238.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 129 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.3M

Jobs Retained:

129

Loan Approved:

2020-04-12

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Concordia College Of The German Evangelical Lutheran Synod O received a Paycheck Protection Loan of $2.3M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Concordia College Of The German Evangelical Lutheran Synod O's total 2019 payroll expenses were approximately $11.06M in order to qualify for the PPP loan amount received.

Based on their reported 129 jobs retained, this equals an estimated average yearly compensation of $85,702 per employee1.

Because the loan received by Concordia College Of The German Evangelical Lutheran Synod O 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 - Concordia College Of The German Evangelical Lutheran Synod O in Clayton, MO

Concordia College Of The German Evangelical Lutheran Synod O
801 Seminary Pl
Clayton, MO 63105

Business Industry

Colleges, Universities, and Professional Schools (NAICS code 611310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MO-01

Similar Companies near Clayton

In the Clayton area, 2 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 265 employees (compared to this company's 129) and received an average PPP loan of $2,754,467 (compared to this company's $2.3M).

Similar Nearby Businesses Who Received PPP Funding:

Fontbonne University
St. Louis, MO

$3.21M PPP Loan

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, 33% lower than Concordia College Of The German Evangelical Lutheran Synod O's reported 129 employees, and received an average PPP loan of $829,978, 64% lower than this company's loan of $2.3M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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Source: www.federalpay.org/paycheck-protection-program/concordia-college-of-the-german-evangelical-lutheran-synod-o-clayton-mo