PPP Loan Data — Next Level Church, Matthews, NC
Next Level Church is a non-profit organization located at 4317 Stevens Mill Road in Matthews, North Carolina that received a Coronavirus-related PPP loan from the SBA of $60,822.00 in April, 2020.
$ PPP Loan Information
Lender:SOUTH STATE BANK, NATIONAL ASSOCIATION
Next Level Church received a Paycheck Protection Loan of $60,822 through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Next Level Church's total 2019 payroll expenses were approximately $291,946 in order to qualify for the PPP loan amount received.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $14,597 per employee1.
Business Information - Next Level Church in Matthews, NC
4317 Stevens Mill Road
Matthews, NC 28104
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-09
Similar Companies near Matthews
In the Matthews area, 29 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 20) and received an average PPP loan of $219,455 (compared to this company's $60,822).
Similar Nearby Businesses Who Received PPP Funding:
First Baptist Church Of Marshville Inc
Trinity Fellowship Church
Morning Star Evangelical Lutheran Church
South Monroe Church Inc.
Wesley Chapel, NC
Abundant Life Church International
Matthews Presbyterian Church
Matthews United Methodist Church
Gethsemane Garden Christian Centre
Industry PPP Comparison Statistics
Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 45% lower than Next Level Church's reported 20 employees, and received an average PPP loan of $80,782, 33% higher than this company's loan of $60,822.
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. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!