PPP Loan Data — Christ The King Church, Houtzdale, PA
Christ The King Church is a 501(c)3 – non profit located at 123 Good St in Houtzdale, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Christ The King Church in Houtzdale, PA received a Paycheck Protection Loan of $25,000 through InFirst Bank, which was approved in January, 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, Christ The King Church's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Christ The King Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,998
- Utilities: $1
Business Information - Christ The King Church in Houtzdale, PA
123 Good St
Houtzdale, PA 16651
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Houtzdale
In the Houtzdale area, 9 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 $27,023 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
St James Evangelical Lutheran Church
Hopewell Grace Brethren Church, Inc
Stone Church Of The Brethren
Word Of Life Fellowship Inc
Narrow Road Ministries
Calvary Independent Baptist Church
First Faith Lutheran Co-Op
Narrow Road Ministries, Inc
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 Christ The King Church's reported 5 employees, and received an average PPP loan of $75,298, 201% higher than this company's loan of $25,000.
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Footnotes & Information
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