PPP Loan Data — Isaiah Sixty-One Ministries, Minneapolis, MN
Isaiah Sixty-One Ministries is a non-profit organization located at 5615 Brooklyn Blvd, Suite 101 in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $18,400.00 in May, 2020.
$ PPP Loan Information
Isaiah Sixty-One Ministries received a Paycheck Protection Loan of $18,400 through BRIDGEWATER BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Isaiah Sixty-One Ministries' total 2019 payroll expenses were approximately $88,320 in order to qualify for the PPP loan amount received.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $88,320 per employee1.
Business Information - Isaiah Sixty-One Ministries in Minneapolis, MN
5615 Brooklyn Blvd, Suite 101
Minneapolis, MN 55429
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 17 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 1) and received an average PPP loan of $286,137 (compared to this company's $18,400).
Similar Nearby Businesses Who Received PPP Funding:
Brooklyn Park, MN
Brooklyn United Methodist Church
Brooklyn Center, MN
Living Word Christian Center
END Time Apostolic Church Inc
Brooklyn Park, MN
All Nations Christian Fellowship Inc.
Holy Trinity Lutheran Church
New Hope, MN
Church Of St Alphonsus
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, 1000% higher than Isaiah Sixty-One Ministries' reported 1 employees, and received an average PPP loan of $80,782, 339% higher than this company's loan of $18,400.
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.
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