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PPP Loan Data — Armenian Evangelical Union Of North America, Glendale, CA

SBA PPP loan data, payroll data, and salaries for Armenian Evangelical Union Of North America
CA Nonprofit Organization

Armenian Evangelical Union Of North America

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Glendale, CA

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Armenian Evangelical Union Of North America is a non-profit organization located at 411 E Acacia Ave, in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $32,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$32,400

Jobs Retained:

6

Loan Approved:

2020-04-29

Lender:

CITIBANK, N.A.

Armenian Evangelical Union Of North America received a Paycheck Protection Loan of $32,400 through CITIBANK, N.A., which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Armenian Evangelical Union Of North America's total 2019 payroll expenses were approximately $155,520 in order to qualify for the PPP loan amount received.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $25,920 per employee1.

Business Information - Armenian Evangelical Union Of North America in Glendale, CA

Armenian Evangelical Union Of North America
411 E Acacia Ave,
Glendale, CA 91205

Business Industry

Religious Organizations (NAICS code 813110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-28

Similar Companies near Glendale

In the Glendale area, 19 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 6) and received an average PPP loan of $256,930 (compared to this company's $32,400).

Industry PPP Comparison Statistics

Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 83% higher than Armenian Evangelical Union Of North America's reported 6 employees, and received an average PPP loan of $80,782, 149% higher than this company's loan of $32,400.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/armenian-evangelical-union-of-north-america-glendale-ca