PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Jubilee Faith Center Inc, Franklin, WI

ALERT: There are 2 PPP loans for a total of $229,883 in our database for businesses with the name "Jubilee Faith Center Inc" in Franklin, WI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Jubilee Faith Center Inc
WI Nonprofit Organization

Jubilee Faith Center Inc

Entity: Non-profit Organization

Industry: Child Day Care Services

Location: Franklin, WI

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Jubilee Faith Center Inc is a non-profit organization located at 3639 W Ryan Rd in Franklin, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $118,419.00 in January, 2021.

The company has reported itself as a male owned non-profit, and employed at least 22 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4242008307

Loan Size:

$118,419

Jobs Retained:

22

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Citizens Bank

Jubilee Faith Center Inc in Franklin, WI received a Paycheck Protection Loan of $118,419 through Citizens Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 Faith Center Inc's 2019 payroll expenses are estimated to be at least $568,411.

Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $25,837 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jubilee Faith Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $118,414
  • Utilities: $1

Business Information - Jubilee Faith Center Inc in Franklin, WI

Jubilee Faith Center Inc
3639 W Ryan Rd
Franklin, WI 53132

Business Industry:
Child Day Care Services
NAICS code 624410

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Milwaukee County, WI — SBA Office 0563 — Congressional District: WI-01

Similar Companies near Franklin

In the Franklin area, 8 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 22) and received an average PPP loan of $88,895 (compared to this company's $118,419).

Industry PPP Comparison Statistics

Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B 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 8 employees, 64% lower than Jubilee Faith Center Inc's reported 22 employees, and received an average PPP loan of $41,676, 65% lower than this company's loan of $118,419.

SBA PPP loan data, payroll data, and salaries for Jubilee Faith Center, Inc
WI Nonprofit Organization

Jubilee Faith Center, Inc

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Franklin, WI

Search All PPP Data

Jubilee Faith Center, Inc is a non-profit organization located at 3639 W Ryan Rd in Franklin, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $111,464.00 in April, 2020.

$ PPP Loan Information
Loan #8607637009

Loan Size:

$111,464

Jobs Retained:

24

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

Citizens Bank

Jubilee Faith Center, Inc in Franklin, WI received a Paycheck Protection Loan of $111,464 through Citizens 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 March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 Faith Center, Inc's 2019 payroll expenses are estimated to be at least $535,027.

Based on their reported 24 jobs retained, this equals an estimated average yearly compensation of $22,293 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jubilee Faith Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $111,464

Business Information - Jubilee Faith Center, Inc in Franklin, WI

Jubilee Faith Center, Inc
3639 W Ryan Rd
Franklin, WI 53132

Business Industry:
Religious Organizations
NAICS code 813110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Milwaukee County, WI — SBA Office 0563 — Congressional District: WI-01

Similar Companies near Franklin

In the Franklin area, 13 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 24) and received an average PPP loan of $79,106 (compared to this company's $111,464).

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% lower than Jubilee Faith Center, Inc's reported 24 employees, and received an average PPP loan of $75,298, 32% lower than this company's loan of $111,464.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jubilee-faith-center-inc-franklin-wi