PPP Loan Data — Jubilee Christian Center, Inc, Okmulgee, OK
Jubilee Christian Center, Inc is a non-profit organization located at 12430 N 230 Road in Okmulgee, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Jubilee Christian Center, Inc in Okmulgee, OK received a Paycheck Protection Loan of $24,900 through Mabrey Bank, which was approved in April, 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 December, 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, Jubilee Christian Center, Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jubilee Christian Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $6,150
Business Information - Jubilee Christian Center, Inc in Okmulgee, OK
12430 N 230 Road
Okmulgee, OK 74447
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Okmulgee
In the Okmulgee area, 15 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $16,249 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Apostolic Life, Inc
First United Methodist Church
The Calvary Baptist Sunday School Of Okmulgee, Oklahoma
St Matthews Missionary Baptist Church, Inc
John W. Berry
Clearview Baptist Church
First United Methodist Church Of Okmulgee, Oklahoma
Nuyaka Baptist Church, Inc
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, 200% higher than Jubilee Christian Center, Inc's reported 4 employees, and received an average PPP loan of $75,298, 202% higher than this company's loan of $24,900.
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Footnotes & Information
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