PPP Loan Data — Church Of Christ - Westhill, Corsicana, TX
Church Of Christ - Westhill is a non-profit organization located at State Highway 22 in Corsicana, Texas that received a Coronavirus-related PPP loan from the SBA of $46,483.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Community National Bank & Trust of Texas
Church Of Christ - Westhill in Corsicana, TX received a Paycheck Protection Loan of $46,483 through Community National Bank & Trust of Texas, 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 March, 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, Church Of Christ - Westhill's 2019 payroll expenses are estimated to be at least $223,118.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,624 per employee1
Reported PPP Proceed Usage:
On the PPP application, Church Of Christ - Westhill reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,483
Business Information - Church Of Christ - Westhill in Corsicana, TX
State Highway 22
Corsicana, TX 75110
NAICS code 813110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Corsicana
In the Corsicana area, 14 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 5) and received an average PPP loan of $42,385 (compared to this company's $46,483).
Similar Nearby Businesses Who Received PPP Funding:
Saint John's Episcopal Church
Amazon Basin Ministries Inc
UCF Wesley Fellowship Navarro College
First United Methodist Church Of Corsicana, Texas
First Pentecostal Church Of God
Grace Community Church
Immaculate Conception Parish Corsicana
Life In The Word Bible Church
Westminister Presbyterian 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 Church Of Christ - Westhill's reported 5 employees, and received an average PPP loan of $75,298, 62% higher than this company's loan of $46,483.
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Footnotes & Information
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