PPP Loan Data — Rockford University, Rockford, IL
Rockford University is a non-profit organization located at 5050 East State St in Rockford, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,514,700.00 in April, 2020.
$ PPP Loan Information
Lender:ILLINOIS BANK & TRUST
Rockford University received a Paycheck Protection Loan of $2.51M through ILLINOIS BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rockford University's total 2019 payroll expenses were approximately $12.07M in order to qualify for the PPP loan amount received.
Based on their reported 411 jobs retained, this equals an estimated average yearly compensation of $29,369 per employee1.
Business Information - Rockford University in Rockford, IL
5050 East State St
Rockford, IL 61108
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-16
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 Rockford University's reported 411 employees, and received an average PPP loan of $829,978, 67% lower than this company's loan of $2.51M.
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Footnotes & Information
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