PPP Loan Data — Morning Star Baptist Church, Meeker, OK
Morning Star Baptist Church is a non-profit organization located at 339943 E Highway 62 Po Box 277 in Meeker, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Vision Bank, National Association
Morning Star Baptist Church in Meeker, OK received a Paycheck Protection Loan of $24,900 through Vision Bank, National Association, 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, Morning Star Baptist Church's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Morning Star Baptist Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,410
- Utilities: $2,490
Business Information - Morning Star Baptist Church in Meeker, OK
339943 E Highway 62 Po Box 277
Meeker, OK 74855
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Meeker
In the Meeker area, 5 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $13,040 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
The Church Of God At Maud
Meeker Assembly Of God
Mill Creek First Baptist Church
Mill Creek, OK
Meeker Trading Company LLC
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, 300% higher than Morning Star Baptist Church's reported 3 employees, and received an average PPP loan of $75,298, 202% higher than this company's loan of $24,900.
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Footnotes & Information
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