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PPP Loan Data — Bayside Covenant Church, Inc., Roseville, CA

SBA PPP loan data, payroll data, and salaries for Bayside Covenant Church, Inc.
CA

Bayside Covenant Church, Inc.

Entity: Limited Liability Company (LLC)

Industry: Religious Organizations

Location: Roseville, CA

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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

Loan Size:

$4.14M

Jobs Retained:

375

Loan Approved:

2020-04-13

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.

Because the loan received by Bayside Covenant Church, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Bayside Covenant Church, Inc. in Roseville, CA

Bayside Covenant Church, Inc.
8211 Sierra College Blvd Ste
Roseville, CA 95661

Business Industry

Religious Organizations (NAICS code 813110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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/bayside-covenant-church-inc-roseville-ca