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PPP Loan Data — The Trustees Of Hampshire College, Amherst, MA

SBA PPP loan data, payroll data, and salaries for The Trustees Of Hampshire College
MA

The Trustees Of Hampshire College

Entity: Corporation

Industry: Colleges, Universities, and Professional Schools

Location: Amherst, MA

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The Trustees Of Hampshire College is a corporation located at 893 West Street in Amherst, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,155,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.16M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-27

Lender:

BANKUNITED, NATIONAL ASSOCIATION

The Trustees Of Hampshire College in Amherst, MA received a Paycheck Protection Loan of $4.16M through BANKUNITED, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Trustees Of Hampshire College's total 2019 payroll expenses were approximately $19.95M in order to qualify for the PPP loan amount received.

Unlike most businesses, The Trustees Of Hampshire College's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by The Trustees Of Hampshire 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 - The Trustees Of Hampshire College in Amherst, MA

The Trustees Of Hampshire College
893 West Street
Amherst, MA 01002

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-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, and received an average PPP loan of $829,978, 80% lower than this company's loan of $4.16M.

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-trustees-of-hampshire-college-amherst-ma