PPP Loan Data — Morningside College, Sioux City, IA
Morningside College is a non-profit organization located at 1501 Morningside Ave in Sioux City, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,042,655.00 in July, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Morningside College in Sioux City, IA received a Paycheck Protection Loan of $4.04M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in July, 2020.
Based on standard PPP eligibility rules, Morningside College's total 2019 payroll expenses were approximately $19.4M in order to qualify for the PPP loan amount received.
Based on their reported 493 jobs retained, this equals an estimated average yearly compensation of $39,361 per employee1.
Business Information - Morningside College in Sioux City, IA
1501 Morningside Ave
Sioux City, IA 51106
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-04
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, 83% lower than Morningside College's reported 493 employees, and received an average PPP loan of $829,978, 79% lower than this company's loan of $4.04M.
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Footnotes & Information
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