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PPP Loan Data — Church Of Christ At Mountain View, Winchester, VA

SBA PPP loan data, payroll data, and salaries for Church Of Christ At Mountain View
VA Nonprofit Organization

Church Of Christ At Mountain View

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Winchester, VA

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Church Of Christ At Mountain View is a non-profit organization located at 153 Narrow Ln in Winchester, Virginia that received a Coronavirus-related PPP loan from the SBA of $76,200.00 in April, 2020.

$ PPP Loan Information
Loan #4929877103

Loan Size:

$76,200

Jobs Retained:

6

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

Truist Bank d/b/a Branch Banking & Trust Co

Church Of Christ At Mountain View in Winchester, VA received a Paycheck Protection Loan of $76,200 through Truist Bank d/b/a Branch Banking & Trust Co, 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 May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Church Of Christ At Mountain View's 2019 payroll expenses are estimated to be at least $365,760.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $60,960 per employee1

Reported PPP Proceed Usage:

On the PPP application, Church Of Christ At Mountain View reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $76,200

Business Information - Church Of Christ At Mountain View in Winchester, VA

Church Of Christ At Mountain View
153 Narrow Ln
Winchester, VA 22602

Business Industry:
Religious Organizations
NAICS code 813110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Frederick County, VA — SBA Office 0304 — Congressional District: VA-10

Similar Companies near Winchester

In the Winchester area, 43 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 6) and received an average PPP loan of $66,348 (compared to this company's $76,200).

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, 100% higher than Church Of Christ At Mountain View's reported 6 employees, and received an average PPP loan of $75,298, 1% lower than this company's loan of $76,200.

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.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/church-of-christ-at-mountain-view-winchester-va