PPP Loan Data — Hastings College, Hastings, NE
Hastings College is a non-profit organization located at 710 N. Turner Ave in Hastings, Nebraska that received a Coronavirus-related PPP loan from the SBA of $2,667,500.00 in April, 2020.
$ PPP Loan Information
Lender:FIVE POINTS BANK OF HASTINGS
Hastings College received a Paycheck Protection Loan of $2.67M through FIVE POINTS BANK OF HASTINGS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hastings College's total 2019 payroll expenses were approximately $12.8M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $51,216 per employee1.
Business Information - Hastings College in Hastings, NE
710 N. Turner Ave
Hastings, NE 68901
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NE-03
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, 66% lower than Hastings College's reported 250 employees, and received an average PPP loan of $829,978, 69% lower than this company's loan of $2.67M.
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Footnotes & Information
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