PPP Loan Data — Eastern Mennonite University, Harrisonburg, VA
Eastern Mennonite University is a non-profit organization located at 1200 Park Rd in Harrisonburg, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,704,100.00 in May, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 465 people during the applicable loan loan period.
$ PPP Loan Information
Lender:PARK VIEW FCU
Eastern Mennonite University received a Paycheck Protection Loan of $3.7M through PARK VIEW FCU, which was approved in May, 2020.
Based on standard PPP eligibility rules, Eastern Mennonite University's total 2019 payroll expenses were approximately $17.78M in order to qualify for the PPP loan amount received.
Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $38,236 per employee1.
Business Information - Eastern Mennonite University in Harrisonburg, VA
1200 Park Rd
Harrisonburg, VA 22802
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: VA-06
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, 82% lower than Eastern Mennonite University's reported 465 employees, and received an average PPP loan of $829,978, 78% lower than this company's loan of $3.7M.
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Footnotes & Information
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