PPP Loan Data — Bayside Covenant Church, Inc., Roseville, CA
Bayside Covenant Church, Inc. is a limited liability company (LLC) located at 8211 Sierra College Blvd Ste in Roseville, California that received a Coronavirus-related PPP loan from the SBA of $4,144,922.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Bayside Covenant Church, Inc. received a Paycheck Protection Loan of $4.14M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bayside Covenant Church, Inc.'s total 2019 payroll expenses were approximately $19.9M in order to qualify for the PPP loan amount received.
Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $53,055 per employee1.
Business Information - Bayside Covenant Church, Inc. in Roseville, CA
8211 Sierra College Blvd Ste
Roseville, CA 95661
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-04
Similar Companies near Roseville
In the Roseville area, 25 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 375) and received an average PPP loan of $242,915 (compared to this company's $4.14M).
Similar Nearby Businesses Who Received PPP Funding:
Zion Lutheran Church
North Highlands, CA
Valley Springs Presbyterian Chruch
Adventure Christian School, LLC
Divine Savior Parish Orangevale
Saint Anna Greek Orthodox Church
Redeemer Covenant Church
Last Ministry, Inc
House Of Bread Church
MT Nest Incorporated
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, 97% lower than Bayside Covenant Church, Inc.'s reported 375 employees, and received an average PPP loan of $80,782, 98% lower than this company's loan of $4.14M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!