PPP Loan Data — Ohio Conference Of Seventh Day Adventists, Dayton, OH
Ohio Conference Of Seventh Day Adventists is a non-profit organization located at 1251 E Dorothy Ln in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,586,525.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 230 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Park National Bank
Ohio Conference Of Seventh Day Adventists in Dayton, OH received a Paycheck Protection Loan of $1.59M through The Park National Bank, which was approved in April, 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, Ohio Conference Of Seventh Day Adventists' 2019 payroll expenses are estimated to be at least $7.62M.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $33,110 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ohio Conference Of Seventh Day Adventists reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,360,918
- Utilities: $65,000
- Mortgage Interest: $17,000
- Rent: $63,607
- Health Care: $80,000
Business Information - Ohio Conference Of Seventh Day Adventists in Dayton, OH
1251 E Dorothy Ln
Dayton, OH 45419
NAICS code 813110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dayton
In the Dayton area, 5 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 230) and received an average PPP loan of $351,889 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Chabad Of Greater Dayton
ST. Pauls Episcopal Church
The Shroyer Road Bapitist Church Of Dayton, Ohio
Chabad Of Greater Dayton
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, 95% lower than Ohio Conference Of Seventh Day Adventists' reported 230 employees, and received an average PPP loan of $75,298, 95% lower than this company's loan of $1.59M.
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Footnotes & Information
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