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PPP Loan Data — Pittsburgh Technical College, Oakdale, PA

SBA PPP loan data, payroll data, and salaries for Pittsburgh Technical College
PA Nonprofit Organization

Pittsburgh Technical College

Entity: Non-profit Organization

Industry: Junior Colleges

Location: Oakdale, PA

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Pittsburgh Technical College is a non-profit organization located at 1111 Mckee Road in Oakdale, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,647,092.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.65M

Jobs Retained:

284

Loan Approved:

2020-04-11

Lender:

KEYBANK NATIONAL ASSOCIATION

Pittsburgh Technical College in Oakdale, PA received a Paycheck Protection Loan of $3.65M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Pittsburgh Technical College's total 2019 payroll expenses were approximately $17.51M in order to qualify for the PPP loan amount received.

Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $61,641 per employee1.

Because the loan received by Pittsburgh Technical College 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 - Pittsburgh Technical College in Oakdale, PA

Pittsburgh Technical College
1111 Mckee Road
Oakdale, PA 15071

Business Industry

Junior Colleges (NAICS code 611210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-17

Industry PPP Comparison Statistics

Nationwide, 223 businesses in the "Junior Colleges" industry received a total of $83,549,293.00 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 48 employees, 83% lower than Pittsburgh Technical College's reported 284 employees, and received an average PPP loan of $374,661, 90% lower than this company's loan of $3.65M.

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/pittsburgh-technical-college-oakdale-pa