PPP Loan Data — Mckendree University, Lebanon, IL
Mckendree University is a non-profit organization located at 701 College Rd in Lebanon, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,759,730.00 in May, 2020.
The company has reported itself as a White female owned non-profit, and employed at least 442 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST NATIONAL BANK OF WATERLOO
Mckendree University in Lebanon, IL received a Paycheck Protection Loan of $3.76M through FIRST NATIONAL BANK OF WATERLOO, which was approved in May, 2020.
Based on standard PPP eligibility rules, Mckendree University's total 2019 payroll expenses were approximately $18.05M in order to qualify for the PPP loan amount received.
Based on their reported 442 jobs retained, this equals an estimated average yearly compensation of $40,830 per employee1.
Business Information - Mckendree University in Lebanon, IL
701 College Rd
Lebanon, IL 62254
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: IL-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, 81% lower than Mckendree University's reported 442 employees, and received an average PPP loan of $829,978, 78% lower than this company's loan of $3.76M.
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Footnotes & Information
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