PPP Loan Data — Diocese Of Birmingham In Alabama, A Corporation Sole, Birmingham, AL
Diocese Of Birmingham In Alabama, A Corporation Sole is a non-profit organization located at 2121 3rd Avenue North in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,122,860.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:OAKWORTH CAPITAL BANK
Diocese Of Birmingham In Alabama, A Corporation Sole in Birmingham, AL received a Paycheck Protection Loan of $3.12M through OAKWORTH CAPITAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Diocese Of Birmingham In Alabama, A Corporation Sole's total 2019 payroll expenses were approximately $14.99M in order to qualify for the PPP loan amount received.
Unlike most businesses, Diocese Of Birmingham In Alabama, A Corporation Sole's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Diocese Of Birmingham In Alabama, A Corporation Sole in Birmingham, AL
2121 3rd Avenue North
Birmingham, AL 35203
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-07
Similar Companies near Birmingham
In the Birmingham area, 22 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 0) and received an average PPP loan of $227,962 (compared to this company's $3.12M).
Similar Nearby Businesses Who Received PPP Funding:
First Presbyterian Church
Cheaha District Office Of North Alabama
Rooted Ministries, Inc.
United Methodist Center For Senior Citizens
MT Hebron Baptist Church, Inc
Cathedral Of St Paul Church
Sixteenth Street Baptist Church, Inc
Oak City Church, Inc.
Industry PPP Comparison Statistics
Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, and received an average PPP loan of $80,782, 97% lower than this company's loan of $3.12M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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