PPP Loan Data — Church Of The Holy Comforter, Charlottesville, VA
Church Of The Holy Comforter is a non-profit organization located at 208 E Jefferson St in Charlottesville, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Atlantic Union Bank
Church Of The Holy Comforter in Charlottesville, VA received a Paycheck Protection Loan of $46,100 through Atlantic Union Bank, 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
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 The Holy Comforter's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,587 per employee1
Reported PPP Proceed Usage:
On the PPP application, Church Of The Holy Comforter reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,100
Business Information - Church Of The Holy Comforter in Charlottesville, VA
208 E Jefferson St
Charlottesville, VA 22902
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charlottesville
In the Charlottesville area, 50 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 9) and received an average PPP loan of $95,966 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
Christ Community Church
Charlottesville Coummnity Church
Westminster Presbyterian Church
Trinity Presbyterian Church
First United Methodist Church
Portico Church Inc
Cornerstone Community Church
Mountain View Baptist 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, 33% higher than Church Of The Holy Comforter's reported 9 employees, and received an average PPP loan of $75,298, 63% higher than this company's loan of $46,100.
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Footnotes & Information
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