PPP Loan Data — Greensburg First United Methodist Church, Greensburg, PA
Greensburg First United Methodist Church is a non-profit organization located at 15 E 2nd Avenue in Greensburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Bank, National Association
Greensburg First United Methodist Church in Greensburg, PA received a Paycheck Protection Loan of $46,400 through Citizens Bank, National Association, which was approved in May, 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 March, 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, Greensburg First United Methodist Church's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greensburg First United Methodist Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Greensburg First United Methodist Church in Greensburg, PA
15 E 2nd Avenue
Greensburg, PA 15601
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Greensburg
In the Greensburg area, 26 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 8) and received an average PPP loan of $63,088 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Presbytery Of Redstone
Penn West Conference United Church Of Christ
Life Spring Christian Church, Inc
First Antioch Baptist Church
Otterbein United Methodist Church
Sisters Of Charity Of Seton Hill
Keystone Free Will Baptist Church
Trinity United Methodist Church
Westminster Presbyterian Church Of Greensburg
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, 50% higher than Greensburg First United Methodist Church's reported 8 employees, and received an average PPP loan of $75,298, 62% higher than this company's loan of $46,400.
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Footnotes & Information
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