PPP Loan Data — MT. Zion Community Reinvestment Corporation, Albany, GA
MT. Zion Community Reinvestment Corporation is a non-profit organization located at 905 Westover Blvd in Albany, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Flint Community Bank
MT. Zion Community Reinvestment Corporation in Albany, GA received a Paycheck Protection Loan of $46,100 through Flint Community 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, MT. Zion Community Reinvestment Corporation's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $11,064 per employee1
Reported PPP Proceed Usage:
On the PPP application, MT. Zion Community Reinvestment Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,100
Business Information - MT. Zion Community Reinvestment Corporation in Albany, GA
905 Westover Blvd
Albany, GA 31721
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Albany
In the Albany area, 12 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 20) and received an average PPP loan of $32,533 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
Avalon United Methodist Church
Rector, Warden And Vestrymen Of St. Patrick's Episcopal Chur
First Bethesda Missionary Baptist Church
Second Bethesda Mb Church
Mount Zion Community Reinvestment Corporation
Greenbriar Church Of Albany, Inc
New Life Network, Inc
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, 40% lower than MT. Zion Community Reinvestment Corporation's reported 20 employees, and received an average PPP loan of $75,298, 63% higher than this company's loan of $46,100.
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Footnotes & Information
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