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PPP Loan Data — South Atlantic Conference Association Of Seventh-Day Adventi,
Decatur, GA
South Atlantic Conference Association Of Seventh-Day Adventi
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Decatur, GA
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South Atlantic Conference Association Of Seventh-Day Adventi is a non-profit organization located at 3978 Memorial Drive in Decatur, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,836,900.00 in August, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
331Loan Approved:
2020-08-06Lender:
RENASANT BANKSouth Atlantic Conference Association Of Seventh-Day Adventi in Decatur, GA received a Paycheck Protection Loan of $2.84M through RENASANT BANK, which was approved in August, 2020.
Based on standard PPP eligibility rules, South Atlantic Conference Association Of Seventh-Day Adventi's total 2019 payroll expenses were approximately $13.62M in order to qualify for the PPP loan amount received.
Based on their reported 331 jobs retained, this equals an estimated average yearly compensation of $41,139 per employee1.
Business Information - South Atlantic Conference Association Of Seventh-Day Adventi in Decatur, GA
3978 Memorial Drive
Decatur, GA 30032
Business Industry
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-04Similar Companies near Decatur
In the Decatur area, 18 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 331) and received an average PPP loan of $201,929 (compared to this company's $2.84M).
Similar Nearby Businesses Who Received PPP Funding:
The Hand Of The Lord International Church, Inc.
Decatur, GA
Bethel Fellowship Church Inc
Decatur, GA
Columbia Drive United Methodist Church,
Decatur, GA
Westminster Prebyterian Church
Decatur, GA
Trinity Presbyterian Church Of Decatur
Decatur, GA
The Episcopal Church Of The Holy Cross
Decatur, GA
Peace Baptist Church
Decatur, GA
St Paul Evangelical Lutheran Church In G
Decatur, GA
Industry PPP Comparison Statistics
Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 97% lower than South Atlantic Conference Association Of Seventh-Day Adventi's reported 331 employees, and received an average PPP loan of $80,782, 97% lower than this company's loan of $2.84M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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