PPP Loan Data — Lycoming College, Williamsport, PA
Lycoming College is a non-profit organization located at 1 College Place in Williamsport, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,955,832.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Lycoming College received a Paycheck Protection Loan of $3.96M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lycoming College's total 2019 payroll expenses were approximately $18.99M in order to qualify for the PPP loan amount received.
Based on their reported 414 jobs retained, this equals an estimated average yearly compensation of $45,865 per employee1.
Business Information - Lycoming College in Williamsport, PA
1 College Place
Williamsport, PA 17701
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-12
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, 79% lower than Lycoming College's reported 414 employees, and received an average PPP loan of $829,978, 79% lower than this company's loan of $3.96M.
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Footnotes & Information
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