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PPP Loan Data — First Baptist Church Of Houston, Houston, TX

ALERT: There are 3 PPP loans for a total of $3.14M in our database for businesses with the name "First Baptist Church Of Houston" in Houston, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for First Baptist Church Of Houston
TX Nonprofit Organization

First Baptist Church Of Houston

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Houston, TX

Search All PPP Data

First Baptist Church Of Houston is a non-profit organization located at 201 E 9th St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $13,875.00 in March, 2021.

The company has reported itself as a male owned non-profit, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #2423688704

Loan Size:

$13,875

Jobs Retained:

7

Loan Approved:

2021-03-29

Loan Status:

Ongoing Loan

Lender:

Allegiance Bank

First Baptist Church Of Houston in Houston, TX received a Paycheck Protection Loan of $13,875 through Allegiance Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, First Baptist Church Of Houston's 2019 payroll expenses are estimated to be at least $66,600.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $9,514 per employee1

Reported PPP Proceed Usage:

On the PPP application, First Baptist Church Of Houston reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,872
  • Utilities: $1

Business Information - First Baptist Church Of Houston in Houston, TX

First Baptist Church Of Houston
201 E 9th St
Houston, TX 77007

Business Industry:
Religious Organizations
NAICS code 813110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-18

Similar Companies near Houston

In the Houston area, 31 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 7) and received an average PPP loan of $119,889 (compared to this company's $13,875).

Industry PPP Comparison Statistics

Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B 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, 71% higher than First Baptist Church Of Houston's reported 7 employees, and received an average PPP loan of $75,418, 444% higher than this company's loan of $13,875.

SBA PPP loan data, payroll data, and salaries for First Baptist Church Of Houston
TX Nonprofit Organization

First Baptist Church Of Houston

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Houston, TX

Search All PPP Data

First Baptist Church Of Houston is a non-profit organization located at 7401 Katy Fwy in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,112,072.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 421 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1784207302

Loan Size:

$3.11M

Jobs Retained:

421

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

First Baptist Church Of Houston in Houston, TX received a Paycheck Protection Loan of $3.11M through Bank of America, 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 March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, First Baptist Church Of Houston's 2019 payroll expenses are estimated to be at least $14.94M.

Based on their reported 421 jobs retained, this equals an estimated average yearly compensation of $35,482 per employee1

Reported PPP Proceed Usage:

On the PPP application, First Baptist Church Of Houston reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,112,072
Because the loan received by First Baptist Church Of Houston 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 Of Houston in Houston, TX

First Baptist Church Of Houston
7401 Katy Fwy
Houston, TX 77024

Business Industry:
Religious Organizations
NAICS code 813110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 29 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 421) and received an average PPP loan of $392,640 (compared to this company's $3.11M).

Industry PPP Comparison Statistics

Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B 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, 97% lower than First Baptist Church Of Houston's reported 421 employees, and received an average PPP loan of $75,418, 98% lower than this company's loan of $3.11M.

SBA PPP loan data, payroll data, and salaries for First Baptist Church Of Houston
TX Nonprofit Organization

First Baptist Church Of Houston

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Houston, TX

Search All PPP Data

First Baptist Church Of Houston is a non-profit organization located at 201 E 9th St. in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $13,860.00 in April, 2020.

$ PPP Loan Information
Loan #7162117106

Loan Size:

$13,860

Jobs Retained:

7

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Allegiance Bank

First Baptist Church Of Houston in Houston, TX received a Paycheck Protection Loan of $13,860 through Allegiance 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 April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, First Baptist Church Of Houston's 2019 payroll expenses are estimated to be at least $66,528.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $9,504 per employee1

Reported PPP Proceed Usage:

On the PPP application, First Baptist Church Of Houston reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,860

Business Information - First Baptist Church Of Houston in Houston, TX

First Baptist Church Of Houston
201 E 9th St.
Houston, TX 77007

Business Industry:
Religious Organizations
NAICS code 813110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 31 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 7) and received an average PPP loan of $119,889 (compared to this company's $13,860).

Industry PPP Comparison Statistics

Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B 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, 71% higher than First Baptist Church Of Houston's reported 7 employees, and received an average PPP loan of $75,418, 444% higher than this company's loan of $13,860.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/first-baptist-church-of-houston-houston-tx