PPP Loan Data — Risen Savior Lutheran Church Inc, Franklin, WI
Risen Savior Lutheran Church Inc is a non-profit organization located at 9501 W Drexel Ave in Franklin, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $24,942.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Associated Bank, National Association
Risen Savior Lutheran Church Inc in Franklin, WI received a Paycheck Protection Loan of $24,942 through Associated Bank, National Association, 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 December, 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, Risen Savior Lutheran Church Inc's 2019 payroll expenses are estimated to be at least $119,722.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,931 per employee1
Reported PPP Proceed Usage:
On the PPP application, Risen Savior Lutheran Church Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,942
Business Information - Risen Savior Lutheran Church Inc in Franklin, WI
9501 W Drexel Ave
Franklin, WI 53132
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 Franklin
In the Franklin area, 13 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $79,106 (compared to this company's $24,942).
Similar Nearby Businesses Who Received PPP Funding:
Southbrook Church, Inc
House Of Prayer Lutheran Church
St Paul Evangelical Lutheran Church
ST. Martin Of Tours Congregation
Jubilee Faith Center, Inc
ST. James Congregation
Conservancy For Healing And Heritage Inc
Victory Of Lamb, Inc
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, 200% higher than Risen Savior Lutheran Church Inc's reported 4 employees, and received an average PPP loan of $75,298, 202% higher than this company's loan of $24,942.
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Footnotes & Information
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