PPP Loan Data — Joyce Meyer Ministries, Inc., Fenton, MO
Joyce Meyer Ministries, Inc. is a non-profit organization located at 700 Grace Pkwy in Fenton, Missouri that received a Coronavirus-related PPP loan from the SBA of $5,084,900.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST BANK OF OWASSO
Joyce Meyer Ministries, Inc. in Fenton, MO received a Paycheck Protection Loan of $5.08M through FIRST BANK OF OWASSO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Joyce Meyer Ministries, Inc.'s total 2019 payroll expenses were approximately $24.41M in order to qualify for the PPP loan amount received.
Based on their reported 402 jobs retained, this equals an estimated average yearly compensation of $60,715 per employee1.
Business Information - Joyce Meyer Ministries, Inc. in Fenton, MO
700 Grace Pkwy
Fenton, MO 63026
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MO-02
Similar Companies near Fenton
In the Fenton area, 20 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 402) and received an average PPP loan of $323,025 (compared to this company's $5.08M).
Similar Nearby Businesses Who Received PPP Funding:
Most Sacred Heart Catholic Church
Our Saviour Lutheran Church Of Fenton, Missouri
Solid Rock Ministries
Jack Harris Ministries Inc
Community Of Hope Haiti, Inc.
St Paul Catholic Church, Fenton
Fenton United Methodist Church
First Church Of The Nazarene - Fenton
Connect Church Inc
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, 97% lower than Joyce Meyer Ministries, Inc.'s reported 402 employees, and received an average PPP loan of $80,782, 98% lower than this company's loan of $5.08M.
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