PPP Loan Data — Wartburg College, Waverly, IA
Wartburg College is a non-profit organization located at 100 Wartburg Blvd in Waverly, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,341,000.00 in June, 2020.
$ PPP Loan Information
Lender:CORTRUST BANK NATIONAL ASSOCIATION
Wartburg College in Waverly, IA received a Paycheck Protection Loan of $4.34M through CORTRUST BANK NATIONAL ASSOCIATION, which was approved in June, 2020.
Based on standard PPP eligibility rules, Wartburg College's total 2019 payroll expenses were approximately $20.84M in order to qualify for the PPP loan amount received.
Based on their reported 472 jobs retained, this equals an estimated average yearly compensation of $44,146 per employee1.
Business Information - Wartburg College in Waverly, IA
100 Wartburg Blvd
Waverly, IA 50677
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-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 Wartburg College's reported 472 employees, and received an average PPP loan of $829,978, 81% lower than this company's loan of $4.34M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!