PPP Loan Data — Fellowship Bible Church, Texarkana, TX
Fellowship Bible Church is a non-profit organization located at 1601 Moores Ln in Texarkana, Texas that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Guaranty Bank & Trust, National Association
Fellowship Bible Church in Texarkana, TX received a Paycheck Protection Loan of $25,400 through Guaranty Bank & Trust, National Association, 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 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, Fellowship Bible Church's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fellowship Bible Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Fellowship Bible Church in Texarkana, TX
1601 Moores Ln
Texarkana, TX 75503
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Texarkana
In the Texarkana area, 23 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 3) and received an average PPP loan of $83,028 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Landmark Pentecostal Church
Heritage Church Of Texarkana
Free Life Church
Walnut Church Of Christ
Hardy Memorial United Methodist Church
Free Life Church Of Texarkana, Texax
Baptist Sunday School Committee
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, 300% higher than Fellowship Bible Church's reported 3 employees, and received an average PPP loan of $75,298, 196% higher than this company's loan of $25,400.
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Footnotes & Information
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