PPP Loan Data — Tusculum University, Greeneville, TN
Tusculum University is a professional association located at 60 Shiloh Rd. in Greeneville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,757,370.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Tusculum University in Greeneville, TN received a Paycheck Protection Loan of $3.76M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tusculum University's total 2019 payroll expenses were approximately $18.04M in order to qualify for the PPP loan amount received.
Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $36,882 per employee1.
Business Information - Tusculum University in Greeneville, TN
60 Shiloh Rd.
Greeneville, TN 37745
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-01
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, 82% lower than Tusculum University's reported 489 employees, and received an average PPP loan of $829,978, 78% lower than this company's loan of $3.76M.
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Footnotes & Information
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