PPP Loan Data — Reconciliation Associates, Incorporated, Plymouth, MN
Reconciliation Associates, Incorporated is a non-profit organization located at 19015 31st Ave N in Plymouth, Minnesota that received a Coronavirus-related PPP loan from the SBA of $45,749.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Reconciliation Associates, Incorporated in Plymouth, MN received a Paycheck Protection Loan of $45,749 through Maple 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, Reconciliation Associates, Incorporated's 2019 payroll expenses are estimated to be at least $219,595.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,599 per employee1
Reported PPP Proceed Usage:
On the PPP application, Reconciliation Associates, Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,749
Business Information - Reconciliation Associates, Incorporated in Plymouth, MN
19015 31st Ave N
Plymouth, MN 55447
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Plymouth
In the Plymouth area, 20 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $50,865 (compared to this company's $45,749).
Similar Nearby Businesses Who Received PPP Funding:
St Philip The Deacon Lutheran Church
Wellspring Life Resources, Inc
Peace Lutheran Church Of Plymouth
Glory Of Christ Lutheran Church
Messiah United Methodist Church
Presbyterian Church Of The Master
Lemon Main Nutall Sr
Northwest Islamic Community Center
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, 100% higher than Reconciliation Associates, Incorporated's reported 6 employees, and received an average PPP loan of $75,298, 65% higher than this company's loan of $45,749.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!