PPP Loan Data — Keizer North Foursquare Church, Keizer, OR
Keizer North Foursquare Church is a non-profit organization located at 595 Chemawa Rd N in Keizer, Oregon that received a Coronavirus-related PPP loan from the SBA of $46,504.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Marion & Polk Schools CU
Keizer North Foursquare Church in Keizer, OR received a Paycheck Protection Loan of $46,504 through Marion & Polk Schools CU, 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, Keizer North Foursquare Church's 2019 payroll expenses are estimated to be at least $223,219.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,644 per employee1
Reported PPP Proceed Usage:
On the PPP application, Keizer North Foursquare Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,504
Business Information - Keizer North Foursquare Church in Keizer, OR
595 Chemawa Rd N
Keizer, OR 97303
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Keizer
In the Keizer area, 32 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 5) and received an average PPP loan of $99,898 (compared to this company's $46,504).
Similar Nearby Businesses Who Received PPP Funding:
West Salem Foursquare Chuch
Immanuel Evangelical Lutheran Church And School
ST. Paul's Episcopal Church
Labish Center Community Church
Keizer Christian Church (Disciples Of Christ)
Jesus Revival Association
Salem Heights Church Of Salem, Oregon
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, 140% higher than Keizer North Foursquare Church's reported 5 employees, and received an average PPP loan of $75,298, 62% higher than this company's loan of $46,504.
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Footnotes & Information
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