PPP Loan Data — Grace Community Church Of SC, Greenville, SC
Grace Community Church Of SC is a non-profit organization located at 2801 Pelham Rd in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $1,850,686.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:South State Bank, National Association
Grace Community Church Of SC in Greenville, SC received a Paycheck Protection Loan of $1.85M through South State 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, Grace Community Church Of SC's 2019 payroll expenses are estimated to be at least $8.88M.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $39,481 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grace Community Church Of SC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,850,686
Business Information - Grace Community Church Of SC in Greenville, SC
2801 Pelham Rd
Greenville, SC 29615
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 Greenville
In the Greenville area, 28 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 225) and received an average PPP loan of $167,823 (compared to this company's $1.85M).
Similar Nearby Businesses Who Received PPP Funding:
St Giles Presbyterian Church
Aldersgate United Methodist Church
Wade Hampton Blvd Assembly Of God Inc
First Christian Church Greenville
John Knox Presbyterian Church
Athas J Pistolis
Emmanuel United Church Of Christ
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, 95% lower than Grace Community Church Of SC's reported 225 employees, and received an average PPP loan of $75,298, 96% lower than this company's loan of $1.85M.
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Footnotes & Information
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