PPP Loan Data — First Lutheran Church Of Astoria, Astoria, OR
First Lutheran Church Of Astoria is a non-profit organization located at 725 33rd St in Astoria, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,488.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Lewis & Clark Bank
First Lutheran Church Of Astoria in Astoria, OR received a Paycheck Protection Loan of $25,488 through Lewis & Clark Bank, which was approved in June, 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 May, 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 Lutheran Church Of Astoria's 2019 payroll expenses are estimated to be at least $122,342.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,171 per employee1
Reported PPP Proceed Usage:
On the PPP application, First Lutheran Church Of Astoria reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,980
- Utilities: $2,036
- Health Care: $6,472
Business Information - First Lutheran Church Of Astoria in Astoria, OR
725 33rd St
Astoria, OR 97103
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 Astoria
In the Astoria area, 6 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $33,920 (compared to this company's $25,488).
Similar Nearby Businesses Who Received PPP Funding:
Coastline Christian Fellowship
ST. Mary Star Of The Sea Catholic Church Astoria Oregon
Astoria Christian Church
First Assembly Of God
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, 500% higher than First Lutheran Church Of Astoria's reported 2 employees, and received an average PPP loan of $75,298, 195% higher than this company's loan of $25,488.
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Footnotes & Information
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