PPP Loan Data — Oglethorpe University Inc, Brookhaven, GA
Oglethorpe University Inc is a corporation located at 4484 Peachtree Rd Ne in Brookhaven, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,685,700.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Oglethorpe University Inc in Brookhaven, GA received a Paycheck Protection Loan of $2.69M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Oglethorpe University Inc's total 2019 payroll expenses were approximately $12.89M in order to qualify for the PPP loan amount received.
Based on their reported 341 jobs retained, this equals an estimated average yearly compensation of $37,805 per employee1.
Business Information - Oglethorpe University Inc in Brookhaven, GA
4484 Peachtree Rd Ne
Brookhaven, GA 30319
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-06
Similar Companies near Brookhaven
In the Brookhaven area, 4 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 341) and received an average PPP loan of $678,457 (compared to this company's $2.69M).
Similar Nearby Businesses Who Received PPP Funding:
Bethursday Development Corporation
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, 75% lower than Oglethorpe University Inc's reported 341 employees, and received an average PPP loan of $829,978, 69% lower than this company's loan of $2.69M.
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Footnotes & Information
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