PPP Loan Data — Southwest California Synod Of The Evangelical Lutheran Churc, Glendale, CA
Southwest California Synod Of The Evangelical Lutheran Churc is a non-profit organization located at 1300 E Colorado St in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $122,100.00 in April, 2020.
$ PPP Loan Information
Lender:AMERICA'S CHRISTIAN CU
Southwest California Synod Of The Evangelical Lutheran Churc received a Paycheck Protection Loan of $122,100 through AMERICA'S CHRISTIAN CU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southwest California Synod Of The Evangelical Lutheran Churc's total 2019 payroll expenses were approximately $586,080 in order to qualify for the PPP loan amount received.
Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $32,560 per employee1.
Business Information - Southwest California Synod Of The Evangelical Lutheran Churc in Glendale, CA
1300 E Colorado St
Glendale, CA 91205
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-28
Similar Companies near Glendale
In the Glendale area, 19 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 18) and received an average PPP loan of $256,930 (compared to this company's $122,100).
Similar Nearby Businesses Who Received PPP Funding:
United Community Church
Holy Family High School
Holy Family Catholic Community
Tyrannus Community Chapel
The First United Methodist Church Of Glendale
Southern California Conference Of Seventh-Day Adventists
First Church Of The Nazarene
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, 39% lower than Southwest California Synod Of The Evangelical Lutheran Churc's reported 18 employees, and received an average PPP loan of $80,782, 34% lower than this company's loan of $122,100.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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