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PPP Loan Data — New England College,
Henniker, NH
New England College
Entity: Non-profit Organization
Industry: Colleges, Universities, and Professional Schools
Location: Henniker, NH
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New England College is a non-profit organization located at 98 Bridge Street in Henniker, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $3,990,200.00 in April, 2020.
The company has reported itself as a White female owned non-profit, and employed at least 383 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
383Loan Approved:
2020-04-06Lender:
BANK OF NEW HAMPSHIRENew England College received a Paycheck Protection Loan of $3.99M through BANK OF NEW HAMPSHIRE, which was approved in April, 2020.
Based on standard PPP eligibility rules, New England College's total 2019 payroll expenses were approximately $19.15M in order to qualify for the PPP loan amount received.
Based on their reported 383 jobs retained, this equals an estimated average yearly compensation of $50,008 per employee1.
Business Information - New England College in Henniker, NH
98 Bridge Street
Henniker, NH 3242
Business Industry
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: NH-02Industry 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, 78% lower than New England College's reported 383 employees, and received an average PPP loan of $829,978, 79% lower than this company's loan of $3.99M.
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.
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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