FederalPay.org
PPP Loan Data — Greater Life Church Ministries, Inc,
Matthews, NC
Greater Life Church Ministries, Inc
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Matthews, NC
Tweet This
•
Search All PPP Data
Greater Life Church Ministries, Inc is a non-profit organization located at 3821 Matthews Mint Hill Road in Matthews, North Carolina that received a Coronavirus-related PPP loan from the SBA of $35,272.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
7Loan Approved:
2020-04-15Lender:
SELF-HELP FCUGreater Life Church Ministries, Inc received a Paycheck Protection Loan of $35,272 through SELF-HELP FCU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Greater Life Church Ministries, Inc's total 2019 payroll expenses were approximately $169,306 in order to qualify for the PPP loan amount received.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $24,187 per employee1.
Business Information - Greater Life Church Ministries, Inc in Matthews, NC
3821 Matthews Mint Hill Road
Matthews, NC 28105
Business Industry
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-09Similar Companies near Matthews
In the Matthews area, 27 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 7) and received an average PPP loan of $234,327 (compared to this company's $35,272).
Similar Nearby Businesses Who Received PPP Funding:
Pleasant Plains Baptist Church Inc
Matthews, NC
Unpackin' It Ministries, Inc.
Matthews, NC
Next Level Church
Matthews, NC
All Saints Anglican Church
Matthews, NC
Elevation Church
Matthews, NC
Weddington United Methodist Church Inc.
Matthews, NC
Matthews Presbyterian Church
Matthews, NC
Truelife Fellowship Church
Matthews, NC
Trinity Fellowship Church
Matthews, NC
Industry PPP Comparison Statistics
Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 57% higher than Greater Life Church Ministries, Inc's reported 7 employees, and received an average PPP loan of $80,782, 129% higher than this company's loan of $35,272.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Have FederalPay.org's open data tools been valuable? Consider donating!