PPP Loan Data — Spring Hill College, Mobile, AL
Spring Hill College is a non-profit organization located at 4000 Dauphin St in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,649,000.00 in April, 2020.
$ PPP Loan Information
Spring Hill College in Mobile, AL received a Paycheck Protection Loan of $2.65M through SERVISFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Spring Hill College's total 2019 payroll expenses were approximately $12.72M in order to qualify for the PPP loan amount received.
Based on their reported 381 jobs retained, this equals an estimated average yearly compensation of $33,373 per employee1.
Business Information - Spring Hill College in Mobile, AL
4000 Dauphin St
Mobile, AL 36608
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-01
Similar Companies near Mobile
In the Mobile area, 4 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 129 employees (compared to this company's 381) and received an average PPP loan of $948,443 (compared to this company's $2.65M).
Similar Nearby Businesses Who Received PPP Funding:
The Univesity Of South Alabama
Jack A Dipalma, MD
Faith Academy Of Mobile Inc
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, 77% lower than Spring Hill College's reported 381 employees, and received an average PPP loan of $829,978, 69% lower than this company's loan of $2.65M.
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Footnotes & Information
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