PPP Loan Data — Calvary United Methodist Church, Martinsburg, WV
Calvary United Methodist Church is a non-profit organization located at 220 W Burke St in Martinsburg, West Virginia that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Charles Town
Calvary United Methodist Church in Martinsburg, WV received a Paycheck Protection Loan of $24,900 through Bank of Charles Town, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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 United Methodist Church's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, Calvary United Methodist Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Calvary United Methodist Church in Martinsburg, WV
220 W Burke St
Martinsburg, WV 25401
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Martinsburg
In the Martinsburg area, 17 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $32,131 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
ST. Luke's United Methodist Church
Airborne Church, Inc
St John's Evangelical Lutheran Church
Trinity Episcopal Church
MT. Zion United Methodist Church
Christ Reformed United Church Of Christ Of Martinsburg, West
Destiny Baptist Church Inc
Trinity United Methodist Church
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, 140% higher than Calvary United Methodist Church's reported 5 employees, and received an average PPP loan of $75,298, 202% higher than this company's loan of $24,900.
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Footnotes & Information
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