PPP Loan Data — Parish Of St. Joseph, New Hope, MN
Parish Of St. Joseph is a non-profit organization located at 8701 36th Ave N in New Hope, Minnesota that received a Coronavirus-related PPP loan from the SBA of $162,362.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Parish Of St. Joseph received a Paycheck Protection Loan of $162,362 through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Parish Of St. Joseph's total 2019 payroll expenses were approximately $779,338 in order to qualify for the PPP loan amount received.
Based on their reported 31 jobs retained, this equals an estimated average yearly compensation of $25,140 per employee1.
Business Information - Parish Of St. Joseph in New Hope, MN
8701 36th Ave N
New Hope, MN 55427
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near New Hope
In the New Hope area, 18 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 31) and received an average PPP loan of $336,762 (compared to this company's $162,362).
Similar Nearby Businesses Who Received PPP Funding:
Brooklyn Park Lutheran Church
Brooklyn Park, MN
First Lutheran Church Of Crystal
New Hope Church Efca
New Hope, MN
Grace Lutheran Church
Brooklyn Park, MN
The Church Of Saint Raphael In Crystal, Minnesota
Living Word Christian Center
Park Valley United Fc
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, 65% lower than Parish Of St. Joseph's reported 31 employees, and received an average PPP loan of $80,782, 50% lower than this company's loan of $162,362.
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.
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