PPP Loan Data — Opequon Presbyterian Church, Winchester, VA
Opequon Presbyterian Church is a non-profit organization located at 217 Opequon Church Lane in Winchester, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Opequon Presbyterian Church in Winchester, VA received a Paycheck Protection Loan of $46,700 through First 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, Opequon Presbyterian Church's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,944 per employee1
Reported PPP Proceed Usage:
On the PPP application, Opequon Presbyterian Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - Opequon Presbyterian Church in Winchester, VA
217 Opequon Church Lane
Winchester, VA 22602
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Winchester
In the Winchester area, 43 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 15) and received an average PPP loan of $66,348 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
Grace Downtown Of Winchester LLC
Round Hill United Methodist Church
First Presbyterian Church
First Baptist Church Of Winchester
New Life Christian Church
Fellowship Bible Church
Market Street United Methodist Church
Church Of Christ At Mountain View
White Hall United Methodist Church
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, 20% lower than Opequon Presbyterian Church's reported 15 employees, and received an average PPP loan of $75,298, 61% higher than this company's loan of $46,700.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!