PPP Loan Data — Hanuri Korean Baptist Church Inc, Carrollton, TX
Hanuri Korean Baptist Church Inc is a corporation located at 1255 N Josey Ln in Carrollton, Texas that received a Coronavirus-related PPP loan from the SBA of $25,020.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Golden Bank, National Association
Hanuri Korean Baptist Church Inc in Carrollton, TX received a Paycheck Protection Loan of $25,020 through Golden 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 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, Hanuri Korean Baptist Church Inc's 2019 payroll expenses are estimated to be at least $120,096.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,012 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hanuri Korean Baptist Church Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,020
Business Information - Hanuri Korean Baptist Church Inc in Carrollton, TX
1255 N Josey Ln
Carrollton, TX 75006
NAICS code 813110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Carrollton
In the Carrollton area, 47 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 8) and received an average PPP loan of $144,732 (compared to this company's $25,020).
Similar Nearby Businesses Who Received PPP Funding:
Regeneration Community Church
Redeemer Evangelical Covenant Church
Dallas Agape Mission Church
Bethel Bible Fellowship
St Sarkis Armenian Church Of Dallas-Ft W
Churches In Covenant International
Refuge Of Hope Peru
Holy Covenant United Methodist Church
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 Hanuri Korean Baptist Church Inc's reported 8 employees, and received an average PPP loan of $75,298, 201% higher than this company's loan of $25,020.
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