PPP Loan Data — Miles College, Fairfield, AL
Miles College is a non-profit organization located at 5500 Myron Massey Blvd, in Fairfield, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
$ PPP Loan Information
Miles College in Fairfield, AL received a Paycheck Protection Loan of $2.5M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Miles College's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1.
Business Information - Miles College in Fairfield, AL
5500 Myron Massey Blvd,
Fairfield, AL 35064
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-07
Similar Companies near Fairfield
In the Fairfield area, 2 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 156 employees (compared to this company's 300) and received an average PPP loan of $1,265,700 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Miles Law School, Incorporated
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, 71% lower than Miles College's reported 300 employees, and received an average PPP loan of $829,978, 67% lower than this company's loan of $2.5M.
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Footnotes & Information
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