PPP Loan Data — Nichols College, Dudley, MA
Nichols College is a non-profit organization located at 123 Center Road in Dudley, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,990,800.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
Nichols College in Dudley, MA received a Paycheck Protection Loan of $2.99M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nichols College's total 2019 payroll expenses were approximately $14.36M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $57,423 per employee1.
Business Information - Nichols College in Dudley, MA
123 Center Road
Dudley, MA 1571
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-01
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, 66% lower than Nichols College's reported 250 employees, and received an average PPP loan of $829,978, 72% lower than this company's loan of $2.99M.
FederalPay's PPP Information Policy
Footnotes & Information
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