PPP Loan Data — First Baptist Church Of Williams Inc, Jacksonville, AL
First Baptist Church Of Williams Inc is a non-profit organization located at 5579 Nesbit Lake Rd in Jacksonville, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
First Baptist Church Of Williams Inc in Jacksonville, AL received a Paycheck Protection Loan of $25,000 through Regions Bank, which was approved in May, 2020.
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, First Baptist Church Of Williams Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,571 per employee1
Reported PPP Proceed Usage:
On the PPP application, First Baptist Church Of Williams Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - First Baptist Church Of Williams Inc in Jacksonville, AL
5579 Nesbit Lake Rd
Jacksonville, AL 36265
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 16 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 14) and received an average PPP loan of $33,043 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
The First Baptist Church Of Jacksonville, Alabama
Hope Community Church Of Jacksonville
Lineville First United Methodist Church
Faith Temple Christian Center
West Point Baptist Church, Inc
Richard D. Waddell
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, 14% lower than First Baptist Church Of Williams Inc's reported 14 employees, and received an average PPP loan of $75,298, 201% higher than this company's loan of $25,000.
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