PPP Loan Data — Episcopal Church Of The Holy Spirit, Vashon, WA
Episcopal Church Of The Holy Spirit is a non-profit organization located at 15420 Vashon Hwy Sw in Vashon, Washington that received a Coronavirus-related PPP loan from the SBA of $24,962.00 in May, 2020.
The company has reported itself as a White male veteran 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:U.S. Bank, National Association
Episcopal Church Of The Holy Spirit in Vashon, WA received a Paycheck Protection Loan of $24,962 through U.S. Bank, National Association, which was approved in May, 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 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, Episcopal Church Of The Holy Spirit's 2019 payroll expenses are estimated to be at least $119,818.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,964 per employee1
Reported PPP Proceed Usage:
On the PPP application, Episcopal Church Of The Holy Spirit reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,962
Business Information - Episcopal Church Of The Holy Spirit in Vashon, WA
15420 Vashon Hwy Sw
Vashon, WA 98070
NAICS code 813110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Vashon
In the Vashon area, 7 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $36,300 (compared to this company's $24,962).
Similar Nearby Businesses Who Received PPP Funding:
St John Vianney Chuch
ST. John Vianney Church
Vashon United Methodist Church
WA Baptist Convention - Burton Camp
Washington Baptist Convention - Burton Camp
Church Of The Holy Spirit Vashon
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 Episcopal Church Of The Holy Spirit's reported 5 employees, and received an average PPP loan of $75,298, 202% higher than this company's loan of $24,962.
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Footnotes & Information
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