PPP Loan Data — Moravian Historical Society, Nazareth, PA
Moravian Historical Society is an employee stock ownership plan(esop) located at 214 East Center St in Nazareth, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fidelity Deposit and Discount Bank
Moravian Historical Society in Nazareth, PA received a Paycheck Protection Loan of $25,500 through Fidelity Deposit and Discount Bank, 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 January, 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, Moravian Historical Society's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moravian Historical Society reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Moravian Historical Society in Nazareth, PA
214 East Center St
Nazareth, PA 18064
Libraries and Archives
NAICS code 519120
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Nazareth
In the Nazareth area, 2 businesses in the "Libraries and Archives" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 12) and received an average PPP loan of $40,300 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Memorial Library Of Nazareth And Vicinity
Industry PPP Comparison Statistics
Nationwide, 1,343 businesses in the "Libraries and Archives" industry received a total of $123.51M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 8% lower than Moravian Historical Society's reported 12 employees, and received an average PPP loan of $91,966, 261% higher than this company's loan of $25,500.
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Footnotes & Information
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