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PPP Loan Data — Living Word Christian Center, Minneapolis, MN

SBA PPP loan data, payroll data, and salaries for Living Word Christian Center
MN Nonprofit Organization

Living Word Christian Center

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Minneapolis, MN

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Living Word Christian Center is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Living Word Christian Center in Minneapolis, MN

Living Word Christian Center
9201 75th Ave N
Minneapolis, MN 55428

Business Industry

Religious Organizations (NAICS code 813110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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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** This Document Provided By - The Civil Employee's Resource **