PPP Loan Data — ST. Albert The Great Catholic Church, Rancho Dominguez, CA
ST. Albert The Great Catholic Church is a professional association located at 804 East Compton Blvd in Rancho Dominguez, California that received a Coronavirus-related PPP loan from the SBA of $24,892.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers & Merchants Bank of Long Beach
ST. Albert The Great Catholic Church in Rancho Dominguez, CA received a Paycheck Protection Loan of $24,892 through Farmers & Merchants Bank of Long Beach, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, ST. Albert The Great Catholic Church's 2019 payroll expenses are estimated to be at least $119,482.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,741 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Albert The Great Catholic Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,892
Business Information - ST. Albert The Great Catholic Church in Rancho Dominguez, CA
804 East Compton Blvd
Rancho Dominguez, CA 90220
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Rancho Dominguez
In the Rancho Dominguez area, 18 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 2) and received an average PPP loan of $40,718 (compared to this company's $24,892).
Similar Nearby Businesses Who Received PPP Funding:
City Church Of Compton
Our Lady Of Victory Catholic School
Trinity Child Development Center Of Compton CA Inc
Faith Inspirational Missionary Baptist C
Centro Hispano De Estudios Teologicos
New Jericho Christian Church
Dominguez Samoan Congregational Christian Church
New Jericho Christian Church - Owner
Industry PPP Comparison Statistics
Nationwide, 123,083 businesses in the "Religious Organizations" industry received a total of $9.27B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 500% higher than ST. Albert The Great Catholic Church's reported 2 employees, and received an average PPP loan of $75,298, 202% higher than this company's loan of $24,892.
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Footnotes & Information
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