PPP Loan Data — Spiritrust Lutheran, York, PA
Spiritrust Lutheran is a non-profit organization located at 1015 Pennsylvania Avenue in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $7,549,100.00 in May, 2020.
$ PPP Loan Information
Spiritrust Lutheran received a Paycheck Protection Loan of $7.55M through ACNB BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Spiritrust Lutheran's total 2019 payroll expenses were approximately $36.24M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $72,471 per employee1.
Business Information - Spiritrust Lutheran in York, PA
1015 Pennsylvania Avenue
York, PA 17404
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-10
Similar Companies near York
In the York area, 28 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 500) and received an average PPP loan of $323,114 (compared to this company's $7.55M).
Similar Nearby Businesses Who Received PPP Funding:
First Presbyterian Church Of York
Lifepath Thrift Stores, LLC
Luther Memorial Evangelical Luthern Church
Zion Evangelical Church
Pine Grove United Methodist Church
Heritage Assembly Church
Family Worship Center
Unitarian Universalist Congregation Of York
MT Washington United Brethren In Christ Church
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, 98% lower than Spiritrust Lutheran's reported 500 employees, and received an average PPP loan of $80,782, 99% lower than this company's loan of $7.55M.
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Footnotes & Information
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