PPP Loan Data — Shepherd Of The Lakes, Waupaca, WI
Shepherd Of The Lakes is a non-profit organization located at 153 Cty Road Qq in Waupaca, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank First, N.A.
Shepherd Of The Lakes in Waupaca, WI received a Paycheck Protection Loan of $46,800 through Bank First, N.A., 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 December, 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, Shepherd Of The Lakes' 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,928 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shepherd Of The Lakes reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - Shepherd Of The Lakes in Waupaca, WI
153 Cty Road Qq
Waupaca, WI 54981
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Waupaca
In the Waupaca area, 29 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $57,470 (compared to this company's $46,800).
Similar Nearby Businesses Who Received PPP Funding:
Habitat For Humanity Serving Green Lake, Marquette And Waush
Waupaca Area Regional Ministry
Waukau United Methodist Church
ST. Joseph's Congregation
Hope Lutheran Church Of Wautoma, Inc
ST. Mary Magdalenes Church
Wisconsin Northern Michigan District Council Of The Assembli
ST. Mark's Episcopal Church
Immanuel Ev. Lutheran 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, 140% higher than Shepherd Of The Lakes' reported 5 employees, and received an average PPP loan of $75,298, 61% higher than this company's loan of $46,800.
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Footnotes & Information
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