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PPP Loan Data — Franklin Pierce University, Rindge, NH

SBA PPP loan data, payroll data, and salaries for Franklin Pierce University
NH Nonprofit Organization

Franklin Pierce University

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Rindge, NH

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Franklin Pierce University is a non-profit organization located at 40 University Dr in Rindge, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $4,126,862.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$4.13M

Jobs Retained:

482

Loan Approved:

2020-06-26

Lender:

PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION

Franklin Pierce University received a Paycheck Protection Loan of $4.13M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.

Based on standard PPP eligibility rules, Franklin Pierce University's total 2019 payroll expenses were approximately $19.81M in order to qualify for the PPP loan amount received.

Based on their reported 482 jobs retained, this equals an estimated average yearly compensation of $41,097 per employee1.

Because the loan received by Franklin Pierce University 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 - Franklin Pierce University in Rindge, NH

Franklin Pierce University
40 University Dr
Rindge, NH 3461

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NH-02

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 Franklin Pierce University's reported 482 employees, and received an average PPP loan of $829,978, 80% lower than this company's loan of $4.13M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/franklin-pierce-university-rindge-nh