PPP Loan Data — Sweet Briar Institute, Sweet Briar, VA
Sweet Briar Institute is a corporation located at 134 Chapel Rd in Sweet Briar, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,451,800.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Sweet Briar Institute in Sweet Briar, VA received a Paycheck Protection Loan of $2.45M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sweet Briar Institute's total 2019 payroll expenses were approximately $11.77M in order to qualify for the PPP loan amount received.
Based on their reported 406 jobs retained, this equals an estimated average yearly compensation of $28,987 per employee1.
Business Information - Sweet Briar Institute in Sweet Briar, VA
134 Chapel Rd
Sweet Briar, VA 24595
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-06
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, 79% lower than Sweet Briar Institute's reported 406 employees, and received an average PPP loan of $829,978, 66% lower than this company's loan of $2.45M.
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Footnotes & Information
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