PPP Loan Data — Newman University, Inc, Wichita, KS
Newman University, Inc is a non-profit organization located at 3100 Mccormick Ave in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,820,872.00 in April, 2020.
$ PPP Loan Information
Lender:SUNFLOWER BANK, NATIONAL ASSOCIATION
Newman University, Inc in Wichita, KS received a Paycheck Protection Loan of $2.82M through SUNFLOWER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Newman University, Inc's total 2019 payroll expenses were approximately $13.54M in order to qualify for the PPP loan amount received.
Based on their reported 479 jobs retained, this equals an estimated average yearly compensation of $28,268 per employee1.
Business Information - Newman University, Inc in Wichita, KS
3100 Mccormick Ave
Wichita, KS 67213
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KS-04
Similar Companies near Wichita
In the Wichita area, 2 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 463 employees (compared to this company's 479) and received an average PPP loan of $2,959,836 (compared to this company's $2.82M).
Similar Nearby Businesses Who Received PPP Funding:
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, 82% lower than Newman University, Inc's reported 479 employees, and received an average PPP loan of $829,978, 71% lower than this company's loan of $2.82M.
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Footnotes & Information
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