PPP Loan Data — Transylvania University, Lexington, KY
Transylvania University is a non-profit organization located at 300 N Broadway in Lexington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,987,100.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CENTRAL BANK & TRUST CO.
Transylvania University received a Paycheck Protection Loan of $3.99M through CENTRAL BANK & TRUST CO., which was approved in April, 2020.
Based on standard PPP eligibility rules, Transylvania University's total 2019 payroll expenses were approximately $19.14M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $76,552 per employee1.
Business Information - Transylvania University in Lexington, KY
300 N Broadway
Lexington, KY 40508
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: KY-06
Similar Companies near Lexington
In the Lexington area, 3 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 250) and received an average PPP loan of $1,509,867 (compared to this company's $3.99M).
Similar Nearby Businesses Who Received PPP Funding:
# 1 Top School, LLC
Harris & Ward, LLC
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, 66% lower than Transylvania University's reported 250 employees, and received an average PPP loan of $829,978, 79% lower than this company's loan of $3.99M.
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Footnotes & Information
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