PPP Loan Data — First Church Of The Nazarene Of Warren, Pennsylvania, Warren, PA
First Church Of The Nazarene Of Warren, Pennsylvania is a non-profit organization located at 907 Pennsylvania Ave in Warren, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,443.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
First Church Of The Nazarene Of Warren, Pennsylvania in Warren, PA received a Paycheck Protection Loan of $25,443 through Northwest Bank, 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 April, 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, First Church Of The Nazarene Of Warren, Pennsylvania's 2019 payroll expenses are estimated to be at least $122,126.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,709 per employee1
Reported PPP Proceed Usage:
On the PPP application, First Church Of The Nazarene Of Warren, Pennsylvania reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,443
Business Information - First Church Of The Nazarene Of Warren, Pennsylvania in Warren, PA
907 Pennsylvania Ave
Warren, PA 16365
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 Warren
In the Warren area, 10 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $45,280 (compared to this company's $25,443).
Similar Nearby Businesses Who Received PPP Funding:
First United Methodist Church
First Church Of God
North Warren Presbyterian Church
Warren Coffeehouse Ministries
ST. Joseph Church School
First Presbyterian Church Of Warren, Penna
Pleasant Community Church
Grace United Methodist Church
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 First Church Of The Nazarene Of Warren, Pennsylvania's reported 3 employees, and received an average PPP loan of $75,298, 196% higher than this company's loan of $25,443.
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Footnotes & Information
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