PPP Loan Data — Shelter Ministries Of Dallas, Dallas, TX
Shelter Ministries Of Dallas is a non-profit organization located at 4411 Lemmon Ave Suite 201 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,536,300.00 in April, 2020.
The company has reported itself as a female owned non-profit, and employed at least 149 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Texas Brand Bank
Shelter Ministries Of Dallas in Dallas, TX received a Paycheck Protection Loan of $1.54M through Texas Brand Bank, 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 April, 2021.
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, Shelter Ministries Of Dallas' 2019 payroll expenses are estimated to be at least $7.37M.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $49,492 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shelter Ministries Of Dallas reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,536,300
Business Information - Shelter Ministries Of Dallas in Dallas, TX
4411 Lemmon Ave Suite 201
Dallas, TX 75219
NAICS code 624221
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,076 businesses in the "Temporary Shelters" industry received a total of $349.6M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 24 employees, 84% lower than Shelter Ministries Of Dallas' reported 149 employees, and received an average PPP loan of $168,403, 89% lower than this company's loan of $1.54M.
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Footnotes & Information
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