PPP Loan Data — Central Christian Church, Arizona, Mesa, AZ
Central Christian Church, Arizona is a non-profit organization located at 933 N Lindsay Road in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,530,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Colorado
Central Christian Church, Arizona in Mesa, AZ received a Paycheck Protection Loan of $1.53M through Bank of Colorado, 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, Central Christian Church, Arizona's 2019 payroll expenses are estimated to be at least $7.34M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $54,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Central Christian Church, Arizona reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,530,000
Business Information - Central Christian Church, Arizona in Mesa, AZ
933 N Lindsay Road
Mesa, AZ 85201
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mesa
In the Mesa area, 14 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 136) and received an average PPP loan of $192,887 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
First Presbyterian Church Of Mesa
Missio Dei Communities
Queen Of Peace Roman Catholic Parish Mesa
New Song Community Church
Heart Of Worship Ministries
First Christian Church Of Mesa, Incorporated
The Trinity Baptist Church Of Mesa, Arizona
Oasis Christian Center Inc
St Timothy Roman Catholic Parish Mesa
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, 91% lower than Central Christian Church, Arizona's reported 136 employees, and received an average PPP loan of $75,298, 95% lower than this company's loan of $1.53M.
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Footnotes & Information
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