PPP Loan Data — Shenandoah Baptist Church Incorporated, Orlando, FL
Shenandoah Baptist Church Incorporated is a professional association located at 7308 Pershing Avenue in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Shenandoah Baptist Church Incorporated in Orlando, FL received a Paycheck Protection Loan of $25,100 through Truist Bank d/b/a Branch Banking & Trust Co, 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, Shenandoah Baptist Church Incorporated's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shenandoah Baptist Church Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Shenandoah Baptist Church Incorporated in Orlando, FL
7308 Pershing Avenue
Orlando, FL 32822
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 24 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $51,325 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Restorative Hands LLC
Florida Georgia District Lcms
Florida Church Of God Ministries, Inc
Church Of The Sower Inc
Paugh International Incorporated
Shenandoah Baptist Church Inc
Iglesia De Dios Aroma
The Gathering Place Orlando Inc
Redimidos Por Dios, 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, 100% higher than Shenandoah Baptist Church Incorporated's reported 6 employees, and received an average PPP loan of $75,298, 200% higher than this company's loan of $25,100.
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Footnotes & Information
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