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PPP Loan Data — Brookside Christian Reformed Church,
Grand Rapids, MI
Brookside Christian Reformed Church
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Grand Rapids, MI
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Brookside Christian Reformed Church is a non-profit organization located at 3600 Kalamazoo Ave Se in Grand Rapids, Michigan that received a Coronavirus-related PPP loan from the SBA of $93,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
12Loan Approved:
2020-04-07Lender:
THE HUNTINGTON NATIONAL BANKBrookside Christian Reformed Church received a Paycheck Protection Loan of $93,300 through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Brookside Christian Reformed Church's total 2019 payroll expenses were approximately $447,840 in order to qualify for the PPP loan amount received.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $37,320 per employee1.
Business Information - Brookside Christian Reformed Church in Grand Rapids, MI
3600 Kalamazoo Ave Se
Grand Rapids, MI 49508
Business Industry
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-03Similar Companies near Grand Rapids
In the Grand Rapids area, 44 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 12) and received an average PPP loan of $191,812 (compared to this company's $93,300).
Similar Nearby Businesses Who Received PPP Funding:
Gethsemane Lutheran Church
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Kingdom Life Ministries Inc
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Iglesia Evangelica De Restauracion Elim
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Grace Ministries International, Inc.
Wyoming, MI
Tabernacle Community Church
Grand Rapids, MI
Kentwood Christian Church
Kentwood, MI
The Well International
Grand Rapids, MI
Holy Trinity Evangelical Lutheran Church
Wyoming, MI
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, 8% lower than Brookside Christian Reformed Church's reported 12 employees, and received an average PPP loan of $80,782, 13% lower than this company's loan of $93,300.
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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