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PPP Loan Data — Ohio Dominican University, Columbus, OH

SBA PPP loan data, payroll data, and salaries for Ohio Dominican University
OH Nonprofit Organization

Ohio Dominican University

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Columbus, OH

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Ohio Dominican University is a non-profit organization located at 1216 Sunbury Rd in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,115,900.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.12M

Jobs Retained:

250

Loan Approved:

2020-04-03

Lender:

HEARTLAND BANK

Ohio Dominican University in Columbus, OH received a Paycheck Protection Loan of $3.12M through HEARTLAND BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ohio Dominican University's total 2019 payroll expenses were approximately $14.96M 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 $59,825 per employee1.

Because the loan received by Ohio Dominican University is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Ohio Dominican University in Columbus, OH

Ohio Dominican University
1216 Sunbury Rd
Columbus, OH 43219

Business Industry

Colleges, Universities, and Professional Schools (NAICS code 611310)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OH-03

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 Ohio Dominican University's reported 250 employees, and received an average PPP loan of $829,978, 73% lower than this company's loan of $3.12M.

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, and is published unmodified, as provided by the SBA.

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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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Source: www.federalpay.org/paycheck-protection-program/ohio-dominican-university-columbus-oh