PPP Loan Data — Beth Tfiloh Congregation Of Baltimore City, Pikesville, MD
Beth Tfiloh Congregation Of Baltimore City is a non-profit organization located at 3300 Old Court Road in Pikesville, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,695,070.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Beth Tfiloh Congregation Of Baltimore City in Pikesville, MD received a Paycheck Protection Loan of $2.7M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Beth Tfiloh Congregation Of Baltimore City's total 2019 payroll expenses were approximately $12.94M in order to qualify for the PPP loan amount received.
Based on their reported 345 jobs retained, this equals an estimated average yearly compensation of $37,497 per employee1.
Business Information - Beth Tfiloh Congregation Of Baltimore City in Pikesville, MD
3300 Old Court Road
Pikesville, MD 21208
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-03
Similar Companies near Pikesville
In the Pikesville area, 45 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 345) and received an average PPP loan of $208,214 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
All Saints Roman Catholic Church
Gwynn Oak, MD
MT Washington-Aldersgate United
Ahavas Chaim Inc.
Chizuk Amuno Congregation
Epworth United Methodist Chapel
Gwynn Oak, MD
Milford Mill United Methodist
Congregation Derech Chaim Inc
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 Beth Tfiloh Congregation Of Baltimore City's reported 345 employees, and received an average PPP loan of $80,782, 97% lower than this company's loan of $2.7M.
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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