PPP Loan Data — Baptist General Convention Of Texas, Dallas, TX
Baptist General Convention Of Texas is a professional association located at 7557 Rambler Rd in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $4,695,445.00 in April, 2020.
$ PPP Loan Information
Lender:INWOOD NATIONAL BANK
Baptist General Convention Of Texas in Dallas, TX received a Paycheck Protection Loan of $4.7M through INWOOD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Baptist General Convention Of Texas' total 2019 payroll expenses were approximately $22.54M in order to qualify for the PPP loan amount received.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $98,420 per employee1.
Business Information - Baptist General Convention Of Texas in Dallas, TX
7557 Rambler Rd
Dallas, TX 75231
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-32
Similar Companies near Dallas
In the Dallas area, 27 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 229) and received an average PPP loan of $383,759 (compared to this company's $4.7M).
Similar Nearby Businesses Who Received PPP Funding:
Elizabeth Chapek, DO
Normandy Community Church, Inc.
Scofield Memorial Church Of Dallas, Texas
Grace Chapel Church
Northaven United Methodist Church
Congregation Ohr Hatorah
Church Of Faith
Greater Providence Baptist Church
Dallas Torah Institute
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, 95% lower than Baptist General Convention Of Texas' reported 229 employees, and received an average PPP loan of $80,782, 98% lower than this company's loan of $4.7M.
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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