PPP Loan Data — Heidelberg University, Tiffin, OH
Heidelberg University is a non-profit organization located at 310 E. Market St in Tiffin, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,574,135.00 in April, 2020.
$ PPP Loan Information
Lender:THE OLD FORT BANKING COMPANY
Heidelberg University in Tiffin, OH received a Paycheck Protection Loan of $2.57M through THE OLD FORT BANKING COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Heidelberg University's total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.
Based on their reported 451 jobs retained, this equals an estimated average yearly compensation of $27,397 per employee1.
Business Information - Heidelberg University in Tiffin, OH
310 E. Market St
Tiffin, OH 44883
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-04
Similar Companies near Tiffin
In the Tiffin area, 2 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 433 employees (compared to this company's 451) and received an average PPP loan of $3,285,618 (compared to this company's $2.57M).
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 Heidelberg University's reported 451 employees, and received an average PPP loan of $829,978, 68% lower than this company's loan of $2.57M.
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Footnotes & Information
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