First Baptist Church Concord in Nashville, TN - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — First Baptist Church Concord, Nashville, TN

First Baptist Church Concord

Entity: Subchapter S Corporation

Industry: Collection Agencies

Location: Nashville, TN

First Baptist Church Concord is a subchapter s corporation located at 2105 Elm Hill Pike Suite 200 in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,175,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.18M

Jobs Retained:

337

Loan Approved:

2020-04-07

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

First Baptist Church Concord received a Paycheck Protection Loan of $3.18M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, First Baptist Church Concord's total 2019 payroll expenses were approximately $15.24M in order to qualify for the PPP loan amount received.

Based on their reported 337 jobs retained, this equals an estimated average yearly compensation of $45,234 per employee¹.

Because the loan received by First Baptist Church Concord is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - First Baptist Church Concord in Nashville, TN

First Baptist Church Concord
2105 Elm Hill Pike Suite 200
Nashville, TN 37210

Business Industry

Collection Agencies (NAICS code 561440)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-05

Industry PPP Comparison Statistics

Nationwide, 1,688 businesses in the "Collection Agencies" industry received a total of $422,227,575.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 20 employees, 94% lower than First Baptist Church Concord's reported 337 employees, and received an average PPP loan of $250,135, 92% lower than this company's loan of $3.18M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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