PPP Loan Data — Rivertown Church, Columbus, GA
Rivertown Church is a non-profit organization located at 6953 Schomburg Road in Columbus, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,180.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Rivertown Church in Columbus, GA received a Paycheck Protection Loan of $25,180 through Cross River 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, Rivertown Church's 2019 payroll expenses are estimated to be at least $120,864.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,266 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rivertown Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,180
Business Information - Rivertown Church in Columbus, GA
6953 Schomburg Road
Columbus, GA 31909
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 Columbus
In the Columbus area, 13 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 7) and received an average PPP loan of $105,064 (compared to this company's $25,180).
Similar Nearby Businesses Who Received PPP Funding:
Britt David Baptist Church, Inc
Morningside Baptist Church Of Columbus I
Calvary Christian School Of Columbus Georgia Inc
Striplin Terrace United Methodist Church
Cornerstone Church Of God
Lee M Snow
Calvary Baptist Church Inc
North Highland Assembly Of God, 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, 71% higher than Rivertown Church's reported 7 employees, and received an average PPP loan of $75,298, 199% higher than this company's loan of $25,180.
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Footnotes & Information
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