PPP Loan Data — ST. Charles Borromeo Parish, Genoa, WI
ST. Charles Borromeo Parish is a non-profit organization located at 703 Walnut Po Box 130 in Genoa, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:State Bank Financial
ST. Charles Borromeo Parish in Genoa, WI received a Paycheck Protection Loan of $47,000 through State Bank Financial, which was approved in April, 2020.
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. Charles Borromeo Parish's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $16,114 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Charles Borromeo Parish reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - ST. Charles Borromeo Parish in Genoa, WI
703 Walnut Po Box 130
Genoa, WI 54632
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
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, 14% lower than ST. Charles Borromeo Parish's reported 14 employees, and received an average PPP loan of $75,298, 60% higher than this company's loan of $47,000.
FederalPay's PPP Information Policy
Footnotes & Information
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