PPP Loan Data — First Unitarian Universalist Society Of Middleboro, Middleboro, MA
First Unitarian Universalist Society Of Middleboro is a non-profit organization located at 25 S Main St in Middleboro, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,358.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Rockland Trust Company
First Unitarian Universalist Society Of Middleboro in Middleboro, MA received a Paycheck Protection Loan of $25,358 through Rockland Trust Company, 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
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 Unitarian Universalist Society Of Middleboro's 2019 payroll expenses are estimated to be at least $121,718.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,388 per employee1
Reported PPP Proceed Usage:
On the PPP application, First Unitarian Universalist Society Of Middleboro reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,358
Business Information - First Unitarian Universalist Society Of Middleboro in Middleboro, MA
25 S Main St
Middleboro, MA 2346
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Middleboro
In the Middleboro area, 16 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $26,636 (compared to this company's $25,358).
Similar Nearby Businesses Who Received PPP Funding:
Lakeville United Church
ST. Bonaventures Parish
Sacred Heart Parish
South Middleborough United Methodist Church Inc
New England Institute Of Religious Research, Inc
Cornerstone Community Church
The S.eAL. Foundation Inc
Meetinghouse Baptist Church Of Norton, Inc
S Middleboro United Methodist Church Inc
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, 71% higher than First Unitarian Universalist Society Of Middleboro's reported 7 employees, and received an average PPP loan of $75,298, 197% higher than this company's loan of $25,358.
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Footnotes & Information
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