PPP Loan Data — Southeastern Baptist Theological Seminary Inc, Wake Forest, NC
Southeastern Baptist Theological Seminary Inc is a corporation located at 244 N Wingate St in Wake Forest, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,509,900.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Southeastern Baptist Theological Seminary Inc received a Paycheck Protection Loan of $3.51M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southeastern Baptist Theological Seminary Inc's total 2019 payroll expenses were approximately $16.85M in order to qualify for the PPP loan amount received.
Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $34,524 per employee1.
Business Information - Southeastern Baptist Theological Seminary Inc in Wake Forest, NC
244 N Wingate St
Wake Forest, NC 27587
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-02
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, 82% lower than Southeastern Baptist Theological Seminary Inc's reported 488 employees, and received an average PPP loan of $829,978, 76% lower than this company's loan of $3.51M.
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Footnotes & Information
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