PPP Loan Data — Palmer College Foundation, Davenport, IA
Palmer College Foundation is a non-profit organization located at 1000 Brady Street in Davenport, Iowa that received a Coronavirus-related PPP loan from the SBA of $6,256,000.00 in May, 2020.
$ PPP Loan Information
Lender:QUAD CITY BANK AND TRUST COMPANY
Palmer College Foundation received a Paycheck Protection Loan of $6.26M through QUAD CITY BANK AND TRUST COMPANY, which was approved in May, 2020.
Based on standard PPP eligibility rules, Palmer College Foundation's total 2019 payroll expenses were approximately $30.03M in order to qualify for the PPP loan amount received.
Based on their reported 421 jobs retained, this equals an estimated average yearly compensation of $71,327 per employee1.
Business Information - Palmer College Foundation in Davenport, IA
1000 Brady Street
Davenport, IA 52803
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-02
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, 80% lower than Palmer College Foundation's reported 421 employees, and received an average PPP loan of $829,978, 87% lower than this company's loan of $6.26M.
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Footnotes & Information
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