PPP Loan Data — Saint Joseph Church Of Frackville, Frackville, PA
Saint Joseph Church Of Frackville is a non-profit organization located at 7 South Broad Mt Av in Frackville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,327.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Saint Joseph Church Of Frackville in Frackville, PA received a Paycheck Protection Loan of $25,327 through Wells Fargo Bank, National Association, 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, Saint Joseph Church Of Frackville's 2019 payroll expenses are estimated to be at least $121,570.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,523 per employee1
Reported PPP Proceed Usage:
On the PPP application, Saint Joseph Church Of Frackville reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,327
Business Information - Saint Joseph Church Of Frackville in Frackville, PA
7 South Broad Mt Av
Frackville, PA 17931
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 Frackville
In the Frackville area, 7 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $14,033 (compared to this company's $25,327).
Similar Nearby Businesses Who Received PPP Funding:
ST. Charles Borromeo Parish
Trinity Evangelical Congregationalchurch
Holy Ascension Orthodox Church
ST. John The Baptist Polish National Church
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, 300% higher than Saint Joseph Church Of Frackville's reported 3 employees, and received an average PPP loan of $75,298, 197% higher than this company's loan of $25,327.
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Footnotes & Information
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