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PPP Loan Data — Mid-America Nazarene University, Olathe, KS

SBA PPP loan data, payroll data, and salaries for Mid-America Nazarene University
KS Nonprofit Organization

Mid-America Nazarene University

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Olathe, KS

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Mid-America Nazarene University is a non-profit organization located at 2030 E College Way in Olathe, Kansas that received a Coronavirus-related PPP loan from the SBA of $3,126,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.13M

Jobs Retained:

451

Loan Approved:

2020-04-08

Lender:

CROSSFIRST BANK

Mid-America Nazarene University received a Paycheck Protection Loan of $3.13M through CROSSFIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mid-America Nazarene University's total 2019 payroll expenses were approximately $15.01M in order to qualify for the PPP loan amount received.

Based on their reported 451 jobs retained, this equals an estimated average yearly compensation of $33,280 per employee1.

Because the loan received by Mid-America Nazarene 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 - Mid-America Nazarene University in Olathe, KS

Mid-America Nazarene University
2030 E College Way
Olathe, KS 66062

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KS-03

Similar Companies near Olathe

In the Olathe area, 2 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 271 employees (compared to this company's 451) and received an average PPP loan of $1,808,050 (compared to this company's $3.13M).

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 Mid-America Nazarene University's reported 451 employees, and received an average PPP loan of $829,978, 73% lower than this company's loan of $3.13M.

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.

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.


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Source: www.federalpay.org/paycheck-protection-program/mid-america-nazarene-university-olathe-ks