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PPP Loan Data — Bishop Of Charleston,
Charleston, SC
Bishop Of Charleston
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Charleston, SC
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Bishop Of Charleston is a non-profit organization located at 901 Orange Grove Rd in Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $3,033,297.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
268Loan Approved:
2020-04-11Lender:
SOUTH STATE BANK, NATIONAL ASSOCIATIONBishop Of Charleston in Charleston, SC received a Paycheck Protection Loan of $3.03M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bishop Of Charleston's total 2019 payroll expenses were approximately $14.56M in order to qualify for the PPP loan amount received.
Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $54,328 per employee1.
Business Information - Bishop Of Charleston in Charleston, SC
901 Orange Grove Rd
Charleston, SC 29407
Business Industry
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: SC-01Similar Companies near Charleston
In the Charleston area, 26 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 268) and received an average PPP loan of $187,656 (compared to this company's $3.03M).
Similar Nearby Businesses Who Received PPP Funding:
Synagogue Emanu-El
Charleston, SC
Bibleway Baptist Church
Charleston, SC
Northwood Baptist Churhc
North Charleston, SC
Restoration Community Church Of Charleston
North Charleston, SC
Life Church Charleston
Charleston, SC
Lovely Mountain Baptist Church
North Charleston, SC
The Revelation Of Christ Church
North Charleston, SC
Lutheran Church Of The Redeemer
Charleston, SC
Mount Moriah Missionary Baptist Church
North Charleston, SC
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, 96% lower than Bishop Of Charleston's reported 268 employees, and received an average PPP loan of $80,782, 97% lower than this company's loan of $3.03M.
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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