PPP Loan Data — Simpson College, Indianola, IA
Simpson College is a sole proprietorship located at 701 North C St in Indianola, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,928,860.00 in May, 2020.
$ PPP Loan Information
Lender:PEOPLES SAVINGS BANK
Simpson College in Indianola, IA received a Paycheck Protection Loan of $2.93M through PEOPLES SAVINGS BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Simpson College's total 2019 payroll expenses were approximately $14.06M in order to qualify for the PPP loan amount received.
Based on their reported 327 jobs retained, this equals an estimated average yearly compensation of $42,992 per employee1.
Business Information - Simpson College in Indianola, IA
701 North C St
Indianola, IA 50125
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-03
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, 74% lower than Simpson College's reported 327 employees, and received an average PPP loan of $829,978, 72% lower than this company's loan of $2.93M.
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Footnotes & Information
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