PPP Loan Data — First Universalist Parish Of Pasadena, Pasadena, CA
First Universalist Parish Of Pasadena is a professional association located at 300 S. Los Robles Avenue in Pasadena, California that received a Coronavirus-related PPP loan from the SBA of $24,809.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
First Universalist Parish Of Pasadena in Pasadena, CA received a Paycheck Protection Loan of $24,809 through Wells Fargo Bank, 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 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 Universalist Parish Of Pasadena's 2019 payroll expenses are estimated to be at least $119,083.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,542 per employee1
Reported PPP Proceed Usage:
On the PPP application, First Universalist Parish Of Pasadena reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,809
Business Information - First Universalist Parish Of Pasadena in Pasadena, CA
300 S. Los Robles Avenue
Pasadena, CA 91101
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 Pasadena
In the Pasadena area, 20 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 2) and received an average PPP loan of $292,493 (compared to this company's $24,809).
Similar Nearby Businesses Who Received PPP Funding:
California Pacific Annual Conference Of The United Methodist
All Saints Church Of Pasadena
Pasadena Presbyterian Church
Sovereign Grace Church Of Pasadena
California Pacific Annual
First United Methodist Church Of Pasadena
Providence Christian College
First United Methodist Church-Pasadena
Grace Pasadena 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, 500% higher than First Universalist Parish Of Pasadena's reported 2 employees, and received an average PPP loan of $75,298, 204% higher than this company's loan of $24,809.
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Footnotes & Information
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