PPP Loan Data — Living Word Christian Center, Minneapolis, MN
Living Word Christian Center is a non-profit organization located at 9201 75th Ave N in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,782,600.00 in April, 2020.
$ PPP Loan Information
Living Word Christian Center in Minneapolis, MN received a Paycheck Protection Loan of $2.78M through NORTHEAST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Living Word Christian Center's total 2019 payroll expenses were approximately $13.36M in order to qualify for the PPP loan amount received.
Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $33,644 per employee1.
Business Information - Living Word Christian Center in Minneapolis, MN
9201 75th Ave N
Minneapolis, MN 55428
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 21 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 397) and received an average PPP loan of $268,680 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
END Time Apostolic Church Inc
Brooklyn Park, MN
Holy Nativity Evangelical Lutheran Church
All Nations Christian Fellowship Inc.
Brookdale Covenant Church
Brooklyn Center, MN
Parish Of St. Joseph
New Hope, MN
Holy Trinity Lutheran Church
New Hope, MN
Isaiah Sixty-One Ministries
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, 97% lower than Living Word Christian Center's reported 397 employees, and received an average PPP loan of $80,782, 97% lower than this company's loan of $2.78M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!