PPP Loan Data — Shared Ministry Of North Central Oklahoma, Enid, OK
Shared Ministry Of North Central Oklahoma is a non-profit organization located at 2523 N Van Buren St in Enid, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $24,869.00 in April, 2020.
The company has reported itself as a female owned non-profit, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Bank & Trust Company
Shared Ministry Of North Central Oklahoma in Enid, OK received a Paycheck Protection Loan of $24,869 through First Bank & Trust Company, 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, Shared Ministry Of North Central Oklahoma's 2019 payroll expenses are estimated to be at least $119,371.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,686 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shared Ministry Of North Central Oklahoma reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,869
Business Information - Shared Ministry Of North Central Oklahoma in Enid, OK
2523 N Van Buren St
Enid, OK 73703
NAICS code 813110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Enid
In the Enid area, 24 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 2) and received an average PPP loan of $41,721 (compared to this company's $24,869).
Similar Nearby Businesses Who Received PPP Funding:
World Harvest, Inc
Christ United Methodist Church
Christian Counseling Ministry
Stam Family Ministry Assoc
Cherokee Strip Baptist Association
North Garland Church Of Christ
ST. Francis Xavier Catholic Church Of Enid, Oklahom
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, 500% higher than Shared Ministry Of North Central Oklahoma's reported 2 employees, and received an average PPP loan of $75,298, 203% higher than this company's loan of $24,869.
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Footnotes & Information
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