PPP Loan Data — New Pilgrim Missionary Baptist Church, Macon, GA
New Pilgrim Missionary Baptist Church is a non-profit organization located at 4388 Robinson Raod in Macon, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,250.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
New Pilgrim Missionary Baptist Church in Macon, GA received a Paycheck Protection Loan of $46,250 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.
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, New Pilgrim Missionary Baptist Church's 2019 payroll expenses are estimated to be at least $222,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,500 per employee1
Reported PPP Proceed Usage:
On the PPP application, New Pilgrim Missionary Baptist Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,250
Business Information - New Pilgrim Missionary Baptist Church in Macon, GA
4388 Robinson Raod
Macon, GA 31204
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Macon
In the Macon area, 16 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 4) and received an average PPP loan of $134,989 (compared to this company's $46,250).
Similar Nearby Businesses Who Received PPP Funding:
Center Hill Baptist Church
The Evangelical Lutheran Church Of The Redeemer, Macon, Geor
Lizzie Chapel Baptist Church
Glorious Hope Missionary Baptist Church
Vineville Baptist Church Inc
Riverside United Methodist Church
The Methodist Home Of The South Georgia Conference, Inc
Center Hill Baptist Church Of Macon Georgia Inc
Macon Urban Ministries, 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, 200% higher than New Pilgrim Missionary Baptist Church's reported 4 employees, and received an average PPP loan of $75,298, 63% higher than this company's loan of $46,250.
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Footnotes & Information
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