PPP Loan Data — Malone University, Canton, OH
Malone University is a non-profit organization located at 2600 Cleveland Ave in Canton, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,080,000.00 in April, 2020.
$ PPP Loan Information
Malone University received a Paycheck Protection Loan of $3.08M through PREMIER BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Malone University's total 2019 payroll expenses were approximately $14.78M in order to qualify for the PPP loan amount received.
Based on their reported 449 jobs retained, this equals an estimated average yearly compensation of $32,927 per employee1.
Business Information - Malone University in Canton, OH
2600 Cleveland Ave
Canton, OH 44709
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-07
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 Malone University's reported 449 employees, and received an average PPP loan of $829,978, 73% lower than this company's loan of $3.08M.
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Footnotes & Information
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