PPP Loan Data — Princeton Theological Seminary, Princeton, NJ
Princeton Theological Seminary is a non-profit organization located at 64 Mercer St in Princeton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,878,400.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Princeton Theological Seminary received a Paycheck Protection Loan of $4.88M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Princeton Theological Seminary's total 2019 payroll expenses were approximately $23.42M in order to qualify for the PPP loan amount received.
Based on their reported 407 jobs retained, this equals an estimated average yearly compensation of $57,534 per employee1.
Business Information - Princeton Theological Seminary in Princeton, NJ
64 Mercer St
Princeton, NJ 8540
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-12
Similar Companies near Princeton
In the Princeton area, 2 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 205 employees (compared to this company's 407) and received an average PPP loan of $2,451,700 (compared to this company's $4.88M).
Similar Nearby Businesses Who Received PPP Funding:
Princeton Administrative Services Inc
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, 79% lower than Princeton Theological Seminary's reported 407 employees, and received an average PPP loan of $829,978, 83% lower than this company's loan of $4.88M.
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Footnotes & Information
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