PPP Loan Data — Northland College, Ashland, WI
Northland College is a non-profit organization located at 1411 Ellis Ave in Ashland, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,560,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Associated Bank, National Association
Northland College in Ashland, WI received a Paycheck Protection Loan of $1.56M through Associated Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Northland College's 2019 payroll expenses are estimated to be at least $7.49M.
Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $25,139 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northland College reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,560,700
Business Information - Northland College in Ashland, WI
1411 Ellis Ave
Ashland, WI 54806
Colleges, Universities, and Professional Schools
NAICS code 611310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,280 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $2.08B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 76 employees, 74% lower than Northland College's reported 298 employees, and received an average PPP loan of $633,118, 59% lower than this company's loan of $1.56M.
FederalPay's PPP Information Policy
Footnotes & Information
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