PPP Loan Data — Green Garden Baptist Church, Monee, IL
Green Garden Baptist Church is a non-profit organization located at 25800 South Center Road in Monee, Illinois that received a Coronavirus-related PPP loan from the SBA of $45,740.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BMO Harris Bank National Association
Green Garden Baptist Church in Monee, IL received a Paycheck Protection Loan of $45,740 through BMO Harris Bank National Association, which was approved in April, 2020.
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, Green Garden Baptist Church's 2019 payroll expenses are estimated to be at least $219,552.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,592 per employee1
Reported PPP Proceed Usage:
On the PPP application, Green Garden Baptist Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,740
Business Information - Green Garden Baptist Church in Monee, IL
25800 South Center Road
Monee, IL 60449
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 Monee
In the Monee area, 12 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 6) and received an average PPP loan of $250,117 (compared to this company's $45,740).
Similar Nearby Businesses Who Received PPP Funding:
Second Place Church
ST. Mary Catholic Church
Lake Region Conference Of The Seventh Day Adventist
Immanuel Evangelical Lutheran Church Of Mokena, IL
ST. George Coptic Orthodox Church Of Illinois
ST. John's United Church Of Christ
ST. Mary Catholic Church Of The Roman Catholic Diocese Of Jo
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, 100% higher than Green Garden Baptist Church's reported 6 employees, and received an average PPP loan of $75,298, 65% higher than this company's loan of $45,740.
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Footnotes & Information
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