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PPP Loan Data — University Management, Inc,
Columbus, MS
University Management, Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Columbus, MS
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University Management, Inc is a corporation located at P O Box 1368 in Columbus, Mississippi that received a Coronavirus-related PPP loan from the SBA of $2,659,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-08Lender:
RENASANT BANKUniversity Management, Inc in Columbus, MS received a Paycheck Protection Loan of $2.66M through RENASANT BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, University Management, Inc's total 2019 payroll expenses were approximately $12.76M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $25,526 per employee1.
Business Information - University Management, Inc in Columbus, MS
P O Box 1368
Columbus, MS 39703
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MS-01Similar Companies near Columbus
In the Columbus area, 7 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 500) and received an average PPP loan of $432,863 (compared to this company's $2.66M).
Similar Nearby Businesses Who Received PPP Funding:
JB&B LLC
Columbus, MS
Rubs Pub LLC
Columbus, MS
Huckaby Bros Management, LLC
Columbus, MS
Troy Parnell's Little Dooey Of Columbus, Inc
Columbus, MS
Rodger D James, LLC
Columbus, MS
Breakin Bread Cafe
Columbus, MS
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than University Management, Inc's reported 500 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $2.66M.
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.
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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