PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Mckendree University, Lebanon, IL

SBA PPP loan data, payroll data, and salaries for Mckendree University
IL Nonprofit Organization

Mckendree University

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Lebanon, IL

Search All PPP Data

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

Loan Size:

$3.76M

Jobs Retained:

442

Loan Approved:

2020-05-07

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.

Because the loan received by Mckendree University 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 - Mckendree University in Lebanon, IL

Mckendree University
701 College Rd
Lebanon, IL 62254

Business Industry

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

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional 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.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mckendree-university-lebanon-il