PPP Loan Data — Calvary Baptist Church & Ministries Inc, Clymer, PA
Calvary Baptist Church & Ministries Inc is a non-profit organization located at 11394 Rte 286 Hwy E in Clymer, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Marion Center Bank
Calvary Baptist Church & Ministries Inc in Clymer, PA received a Paycheck Protection Loan of $47,100 through Marion Center Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Calvary Baptist Church & Ministries Inc's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $25,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Calvary Baptist Church & Ministries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,100
Business Information - Calvary Baptist Church & Ministries Inc in Clymer, PA
11394 Rte 286 Hwy E
Clymer, PA 15728
NAICS code 813110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Clymer
In the Clymer area, 2 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 9) and received an average PPP loan of $29,550 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
New Life Hope Shared Ministry
Industry PPP Comparison Statistics
Nationwide, 123,083 businesses in the "Religious Organizations" industry received a total of $9.27B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 33% higher than Calvary Baptist Church & Ministries Inc's reported 9 employees, and received an average PPP loan of $75,298, 60% higher than this company's loan of $47,100.
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Footnotes & Information
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