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PPP Loan Data — Spring Hill College, Mobile, AL

SBA PPP loan data, payroll data, and salaries for Spring Hill College
AL Nonprofit Organization

Spring Hill College

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Mobile, AL

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Spring Hill College 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 - Spring Hill College in Mobile, AL

Spring Hill College
4000 Dauphin St
Mobile, AL 36608

Business Industry

Colleges, Universities, and Professional Schools (NAICS code 611310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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.

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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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** This Document Provided By - The Civil Employee's Resource **