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PPP Loan Data — Spiritrust Lutheran,
York, PA
Spiritrust Lutheran
Entity: Non-profit Organization
Industry: Religious Organizations
Location: York, PA
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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
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-12Lender:
ACNB BANKSpiritrust 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
Business Industry
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-10Similar 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
York, PA
Lifepath Thrift Stores, LLC
York, PA
Luther Memorial Evangelical Luthern Church
York, PA
Zion Evangelical Church
York, PA
Pine Grove United Methodist Church
York, PA
Heritage Assembly Church
York, PA
Family Worship Center
York, PA
Unitarian Universalist Congregation Of York
York, PA
MT Washington United Brethren In Christ Church
York, PA
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.
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.
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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