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PPP Loan Data — New Life Assembly Of God Of Mesa Inc,
Mesa, AZ
New Life Assembly Of God Of Mesa Inc
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Mesa, AZ
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New Life Assembly Of God Of Mesa Inc is a non-profit organization located at 314 W University Dr in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $22,800.00 in April, 2021.
$
PPP Loan Information
Loan #5124418708
Loan Size:
Jobs Retained:
4Loan Approved:
2021-04-02Loan Status:
Paid in Full or ForgivenLender:
America's Christian CUNew Life Assembly Of God Of Mesa Inc in Mesa, AZ received a Paycheck Protection Loan of $22,800 through America's Christian CU, which was approved in April, 2021.
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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, New Life Assembly Of God Of Mesa Inc's 2019 payroll expenses are estimated to be at least $109,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $27,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, New Life Assembly Of God Of Mesa Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,800
Business Information - New Life Assembly Of God Of Mesa Inc in Mesa, AZ
314 W University Dr
Mesa, AZ 85201
Business Industry:
Religious Organizations
NAICS code 813110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Mesa
In the Mesa area, 14 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 4) and received an average PPP loan of $192,887 (compared to this company's $22,800).
Similar Nearby Businesses Who Received PPP Funding:
First Presbyterian Church Of Mesa
Mesa, AZ
Heart Of Worship Ministries
Mesa, AZ
The Trinity Baptist Church Of Mesa, Arizona
Mesa, AZ
First Christian Church Of Mesa, Incorporated
Mesa, AZ
Central Christian Church, Arizona
Mesa, AZ
Queen Of Peace Roman Catholic Parish Mesa
Mesa, AZ
St Timothy Roman Catholic Parish Mesa
Mesa, AZ
New Song Community Church
Mesa, AZ
Oasis Christian Center Inc
Mesa, AZ
Industry PPP Comparison Statistics
Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B 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, 200% higher than New Life Assembly Of God Of Mesa Inc's reported 4 employees, and received an average PPP loan of $75,418, 231% higher than this company's loan of $22,800.
New Life Assembly Of God Of Mesa, Inc
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Mesa, AZ
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New Life Assembly Of God Of Mesa, Inc is a non-profit organization located at 314 W. University Drive in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $21,900.00 in May, 2020.
$
PPP Loan Information
Loan #3680707402
Loan Size:
Jobs Retained:
5Loan Approved:
2020-05-07Loan Status:
Paid in Full or ForgivenLender:
America's Christian CUNew Life Assembly Of God Of Mesa, Inc in Mesa, AZ received a Paycheck Protection Loan of $21,900 through America's Christian CU, which was approved in May, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, New Life Assembly Of God Of Mesa, Inc's 2019 payroll expenses are estimated to be at least $105,120.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $21,024 per employee1
Reported PPP Proceed Usage:
On the PPP application, New Life Assembly Of God Of Mesa, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,900
- Mortgage Interest: $5,000
Business Information - New Life Assembly Of God Of Mesa, Inc in Mesa, AZ
314 W. University Drive
Mesa, AZ 85201
Business Industry:
Religious Organizations
NAICS code 813110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Mesa
In the Mesa area, 14 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 5) and received an average PPP loan of $192,887 (compared to this company's $21,900).
Similar Nearby Businesses Who Received PPP Funding:
First Presbyterian Church Of Mesa
Mesa, AZ
Heart Of Worship Ministries
Mesa, AZ
The Trinity Baptist Church Of Mesa, Arizona
Mesa, AZ
First Christian Church Of Mesa, Incorporated
Mesa, AZ
Central Christian Church, Arizona
Mesa, AZ
Queen Of Peace Roman Catholic Parish Mesa
Mesa, AZ
St Timothy Roman Catholic Parish Mesa
Mesa, AZ
New Song Community Church
Mesa, AZ
Oasis Christian Center Inc
Mesa, AZ
Industry PPP Comparison Statistics
Nationwide, 122,670 businesses in the "Religious Organizations" industry received a total of $9.25B 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, 140% higher than New Life Assembly Of God Of Mesa, Inc's reported 5 employees, and received an average PPP loan of $75,418, 244% higher than this company's loan of $21,900.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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