PPP Loan Data — Grace Church Of Columbiana Ohio, Columbiana, OH
Grace Church Of Columbiana Ohio is a non-profit organization located at 140 S Main St in Columbiana, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Grace Church Of Columbiana Ohio in Columbiana, OH received a Paycheck Protection Loan of $25,400 through PNC Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 Church Of Columbiana Ohio's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grace Church Of Columbiana Ohio reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Grace Church Of Columbiana Ohio in Columbiana, OH
140 S Main St
Columbiana, OH 44408
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Columbiana
In the Columbiana area, 4 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $31,201 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
ST. Jude Catholic Church
The Upper Room Ministry 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, 140% higher than Grace Church Of Columbiana Ohio's reported 5 employees, and received an average PPP loan of $75,298, 196% higher than this company's loan of $25,400.
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Footnotes & Information
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