Tens of millions in PPP loans given to Buffalo-area colleges, private schools
More than $10 million in PPP loans went to WNY colleges and universities, with millions more going to other educational institutions.
Credit: Getty Images/iStockphoto Published: 12:40 PM EST December 30, 2020 Updated: 12:40 PM EST December 30, 2020
BUFFALO, N.Y. More than $10 million in PPP loans went to WNY colleges and universities, with millions more going to other educational institutions.
More than $10 million in Payroll Protection Program loans went to Western New York colleges and universities, with millions more going to other educational institutions.
An analysis of the released PPP loan details showed Medaille College to be the top recipient with a $3.38 million loan. Receiving a loan does not mean that the entire amount was used. Other colleges received loans, as well as groups affiliated with colleges, totaling more than $14 million.