PPP Loan Data — Bethany Baptist Church, Newark, NJ
Bethany Baptist Church is a non-profit organization located at 275 W Market St in Newark, New Jersey that received a Coronavirus-related PPP loan from the SBA of $104,933.00 in April, 2020.
$ PPP Loan Information
Bethany Baptist Church received a Paycheck Protection Loan of $104,933 through INDUSTRIAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bethany Baptist Church's total 2019 payroll expenses were approximately $503,678 in order to qualify for the PPP loan amount received.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $50,368 per employee1.
Business Information - Bethany Baptist Church in Newark, NJ
275 W Market St
Newark, NJ 7103
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-10
Similar Companies near Newark
In the Newark area, 28 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 10) and received an average PPP loan of $334,780 (compared to this company's $104,933).
Similar Nearby Businesses Who Received PPP Funding:
The Universal Church Inc.
Saint Patricks Church
St Michaels Church-Sba Small 7A Term
Metropolitan Baptist Church
Society For The Propagation Of The Faith
MT Pleasant Missionary Baptist Church
Jehovah Jireh Praise & Worship
St Lucy Catholic Church
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, 10% higher than Bethany Baptist Church's reported 10 employees, and received an average PPP loan of $80,782, 23% lower than this company's loan of $104,933.
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.
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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