PPP Loan Data — Risen Savior Lutheran Church Of Savannah, GA, Inc, Pooler, GA
Risen Savior Lutheran Church Of Savannah, GA, Inc is a non-profit organization located at 1755 Quacco Road in Pooler, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in May, 2020.
The company has reported itself as a male owned non-profit, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Risen Savior Lutheran Church Of Savannah, GA, Inc in Pooler, GA received a Paycheck Protection Loan of $25,500 through Ameris Bank, which was approved in May, 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 Of Savannah, GA, Inc's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,300 per employee1
Reported PPP Proceed Usage:
On the PPP application, Risen Savior Lutheran Church Of Savannah, GA, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Utilities: $5,100
- Mortgage Interest: $20,400
Business Information - Risen Savior Lutheran Church Of Savannah, GA, Inc in Pooler, GA
1755 Quacco Road
Pooler, GA 31322
NAICS code 813110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pooler
In the Pooler area, 14 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 8) and received an average PPP loan of $25,798 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Pooler Bible Baptist Church, Inc
Pooler Church Inc
Nevils Trinity Baptist Church
Christ Presbyterian Church (USA) Of Pooler Inc
St Patrick's Episcopal Church
Jacquelyn Gilbert Grant
First Presbyterian Church Of Pooler
Relate Church 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, 50% higher than Risen Savior Lutheran Church Of Savannah, GA, Inc's reported 8 employees, and received an average PPP loan of $75,298, 195% higher than this company's loan of $25,500.
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Footnotes & Information
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