PPP Loan Data — Life Church Operations, LLC, Edmond, OK
Life Church Operations, LLC is a non-profit organization located at 4600 E. 2nd Street in Edmond, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $7,007,000.00 in April, 2020.
$ PPP Loan Information
Life Church Operations, LLC in Edmond, OK received a Paycheck Protection Loan of $7.01M through MIDFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Life Church Operations, LLC's total 2019 payroll expenses were approximately $33.63M in order to qualify for the PPP loan amount received.
Based on their reported 451 jobs retained, this equals an estimated average yearly compensation of $74,576 per employee1.
Business Information - Life Church Operations, LLC in Edmond, OK
4600 E. 2nd Street
Edmond, OK 73034
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OK-05
Similar Companies near Edmond
In the Edmond area, 20 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 451) and received an average PPP loan of $523,736 (compared to this company's $7.01M).
Similar Nearby Businesses Who Received PPP Funding:
St. John The Baptist Catholic Church
Family Vision Ministries
Highland Park Baptist Church
Redeemer Presbyterian Church Of Edmond
Speaklife Ministries, Inc
St Mark Lutheran Church And Preschool
First United Methodist Church
First Baptist Church Of Eakly, Oklahoma
St. Mary's Episcopal School, Inc.
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, 98% lower than Life Church Operations, LLC's reported 451 employees, and received an average PPP loan of $80,782, 99% lower than this company's loan of $7.01M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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