PPP Loan Data — Vermont Law School, Inc, South Royalton, VT
Vermont Law School, Inc is a non-profit organization located at Po Box 96 in South Royalton, Vermont that received a Coronavirus-related PPP loan from the SBA of $2,305,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Vermont Law School, Inc in South Royalton, VT received a Paycheck Protection Loan of $2.31M through TD Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Vermont Law School, Inc's 2019 payroll expenses are estimated to be at least $11.07M.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $49,184 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vermont Law School, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,305,500
Business Information - Vermont Law School, Inc in South Royalton, VT
Po Box 96
South Royalton, VT 5068
Colleges, Universities, and Professional Schools
NAICS code 611310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,280 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $2.08B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 76 employees, 66% lower than Vermont Law School, Inc's reported 225 employees, and received an average PPP loan of $633,118, 73% lower than this company's loan of $2.31M.
FederalPay's PPP Information Policy
Footnotes & Information
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