PPP Loan Data — Kanakuk Ministries, Branson, MO
Kanakuk Ministries is a non-profit organization located at 1353 Lakeshore Dr in Branson, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,426,100.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 100 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CENTRAL BANK OF BRANSON
Kanakuk Ministries received a Paycheck Protection Loan of $2.43M through CENTRAL BANK OF BRANSON, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 100 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 116.
Based on standard PPP eligibility rules, Kanakuk Ministries' total 2019 payroll expenses were approximately $11.65M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 100 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Kanakuk Ministries in Branson, MO
1353 Lakeshore Dr
Branson, MO 65616
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MO-07
Similar Companies near Branson
In the Branson area, 21 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 100) and received an average PPP loan of $199,893 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
Branson Gospel Evangelistic Center, Inc.
Breath Of Christ Ministries Inc
First Presbyterian Church Of Branson
Faith Lutheran Church Of Branson
Church Army USA Inc
Our Lady Of The Lake Catholic Church
Brighton Highway Assembly Of God
The Sanctuary Of Hope Branson
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, 89% lower than Kanakuk Ministries' reported 100 employees, and received an average PPP loan of $80,782, 97% lower than this company's loan of $2.43M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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