PPP Loan Data — Randolph College Incorporated, Lynchburg, VA
Randolph College Incorporated is a non-profit organization located at 2500 Rivermont Ave in Lynchburg, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,690,874.00 in April, 2020.
$ PPP Loan Information
Lender:SKYLINE NATIONAL BANK
Randolph College Incorporated received a Paycheck Protection Loan of $3.69M through SKYLINE NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Randolph College Incorporated's total 2019 payroll expenses were approximately $17.72M in order to qualify for the PPP loan amount received.
Based on their reported 408 jobs retained, this equals an estimated average yearly compensation of $43,422 per employee1.
Business Information - Randolph College Incorporated in Lynchburg, VA
2500 Rivermont Ave
Lynchburg, VA 24503
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-06
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 Randolph College Incorporated's reported 408 employees, and received an average PPP loan of $829,978, 78% lower than this company's loan of $3.69M.
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Footnotes & Information
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