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PPP Loan Data — Princeton Theological Seminary,
Princeton, NJ
Princeton Theological Seminary
Entity: Non-profit Organization
Industry: Colleges, Universities, and Professional Schools
Location: Princeton, NJ
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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
Loan Size:
Jobs Retained:
407Loan Approved:
2020-04-14Lender:
PNC BANK, NATIONAL ASSOCIATIONPrinceton 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
Business Industry
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-12Similar 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
Princeton, NJ
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.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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