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PPP Loan Data — Southern California Conference Of Seventh-Day Adventists, Glendale, CA

SBA PPP loan data, payroll data, and salaries for Southern California Conference Of Seventh-Day Adventists
CA Nonprofit Organization

Southern California Conference Of Seventh-Day Adventists

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Glendale, CA

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Southern California Conference Of Seventh-Day Adventists is a non-profit organization located at 1535 E Chevy Chase Dr in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $3,361,029.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.36M

Jobs Retained:

193

Loan Approved:

2020-05-22

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Southern California Conference Of Seventh-Day Adventists received a Paycheck Protection Loan of $3.36M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Southern California Conference Of Seventh-Day Adventists' total 2019 payroll expenses were approximately $16.13M in order to qualify for the PPP loan amount received.

Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $83,590 per employee1.

Because the loan received by Southern California Conference Of Seventh-Day Adventists is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Southern California Conference Of Seventh-Day Adventists in Glendale, CA

Southern California Conference Of Seventh-Day Adventists
1535 E Chevy Chase Dr
Glendale, CA 91206

Business Industry

Religious Organizations (NAICS code 813110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-28

Similar Companies near Glendale

In the Glendale area, 18 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 193) and received an average PPP loan of $259,619 (compared to this company's $3.36M).

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, 94% lower than Southern California Conference Of Seventh-Day Adventists' reported 193 employees, and received an average PPP loan of $80,782, 98% lower than this company's loan of $3.36M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/southern-california-conference-of-seventh-day-adventists-glendale-ca