PPP Loan Data — Life Church Of Kirksville, Inc, Kirksville, MO
Life Church Of Kirksville, Inc is a non-profit organization located at 112 W Potter Ave in Kirksville, Missouri that received a Coronavirus-related PPP loan from the SBA of $46,855.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Kirksville
Life Church Of Kirksville, Inc in Kirksville, MO received a Paycheck Protection Loan of $46,855 through Bank of Kirksville, 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 February, 2021.
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, Life Church Of Kirksville, Inc's 2019 payroll expenses are estimated to be at least $224,904.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,226 per employee1
Reported PPP Proceed Usage:
On the PPP application, Life Church Of Kirksville, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,484
- Utilities: $9,371
Business Information - Life Church Of Kirksville, Inc in Kirksville, MO
112 W Potter Ave
Kirksville, MO 63501
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Kirksville
In the Kirksville area, 11 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $39,243 (compared to this company's $46,855).
Similar Nearby Businesses Who Received PPP Funding:
First United Methodist Church Of Kirksville, MO
First Baptist Church Of Kirksville Missouri
First Church Of The Nazarene
Hamilton Street Baptist Church
Mary Immaculate Catholic Church, Kirksville
First Christian Church
Fellowship Baptist Church
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 Life Church Of Kirksville, Inc's reported 4 employees, and received an average PPP loan of $75,298, 61% higher than this company's loan of $46,855.
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Footnotes & Information
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