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PPP Loan Data — Lindsey Wilson College, Inc, Columbia, KY

SBA PPP loan data, payroll data, and salaries for Lindsey Wilson College, Inc
KY Nonprofit Organization

Lindsey Wilson College, Inc

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Columbia, KY

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Lindsey Wilson College, Inc is a non-profit organization located at 210 Lindsey Wilson Street in Columbia, Kentucky that received a Coronavirus-related PPP loan from the SBA of $4,201,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.2M

Jobs Retained:

459

Loan Approved:

2020-04-14

Lender:

COMMUNITY TRUST BANK, INC.

Lindsey Wilson College, Inc received a Paycheck Protection Loan of $4.2M through COMMUNITY TRUST BANK, INC., which was approved in April, 2020.

Based on standard PPP eligibility rules, Lindsey Wilson College, Inc's total 2019 payroll expenses were approximately $20.17M in order to qualify for the PPP loan amount received.

Based on their reported 459 jobs retained, this equals an estimated average yearly compensation of $43,938 per employee1.

Because the loan received by Lindsey Wilson College, Inc 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 - Lindsey Wilson College, Inc in Columbia, KY

Lindsey Wilson College, Inc
210 Lindsey Wilson Street
Columbia, KY 42728

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KY-01

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 Lindsey Wilson College, Inc's reported 459 employees, and received an average PPP loan of $829,978, 80% lower than this company's loan of $4.2M.

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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Source: www.federalpay.org/paycheck-protection-program/lindsey-wilson-college-inc-columbia-ky