PPP Loan Data — Grace Baptist Church, Grantsburg, WI
Grace Baptist Church is a non-profit organization located at 716 S Robert St in Grantsburg, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,397.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Community Bank of Cameron
Grace Baptist Church in Grantsburg, WI received a Paycheck Protection Loan of $25,397 through Community Bank of Cameron, 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 January, 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, Grace Baptist Church's 2019 payroll expenses are estimated to be at least $121,906.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,477 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grace Baptist Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,397
Business Information - Grace Baptist Church in Grantsburg, WI
716 S Robert St
Grantsburg, WI 54840
NAICS code 813110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Grantsburg
In the Grantsburg area, 6 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $19,218 (compared to this company's $25,397).
Similar Nearby Businesses Who Received PPP Funding:
Upper St Croix Parish
Faith Lutheran Church
Bethany Lutheran 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, 200% higher than Grace Baptist Church's reported 4 employees, and received an average PPP loan of $75,298, 196% higher than this company's loan of $25,397.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!