Saint Josephs College, A Corp. in Standish, ME - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Saint Josephs College, A Corp., Standish, ME

Saint Josephs College, A Corp.

Entity: Corporation

Industry: Junior Colleges

Location: Standish, ME

Saint Josephs College, A Corp. is a corporation located at 278 Whites Bridge Road in Standish, Maine that received a Coronavirus-related PPP loan from the SBA of $3,137,025.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 467 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.14M

Jobs Retained:

467

Loan Approved:

2020-04-13

Lender:

KEYBANK NATIONAL ASSOCIATION

Saint Josephs College, A Corp. in Standish, ME received a Paycheck Protection Loan of $3.14M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Saint Josephs College, A Corp.'s total 2019 payroll expenses were approximately $15.06M in order to qualify for the PPP loan amount received.

Based on their reported 467 jobs retained, this equals an estimated average yearly compensation of $32,244 per employee¹.

Because the loan received by Saint Josephs College, A Corp. 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 - Saint Josephs College, A Corp. in Standish, ME

Saint Josephs College, A Corp.
278 Whites Bridge Road
Standish, ME 04084

Business Industry

Junior Colleges (NAICS code 611210)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: ME-01

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, 90% lower than Saint Josephs College, A Corp.'s reported 467 employees, and received an average PPP loan of $374,661, 88% lower than this company's loan of $3.14M.

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.

Search FederalPay's Full PPP Loan Database

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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