PPP Loan Data — ST. Clare Congregation, Waterford, WI
ST. Clare Congregation is a non-profit organization located at 7616 Fritz St in Waterford, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Town Bank, National Association
ST. Clare Congregation in Waterford, WI received a Paycheck Protection Loan of $25,000 through Town Bank, National Association, 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. Clare Congregation's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Clare Congregation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,800
- Rent: $6,200
Business Information - ST. Clare Congregation in Waterford, WI
7616 Fritz St
Waterford, WI 53185
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Waterford
In the Waterford area, 20 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $65,209 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Beautiful Savior Lutheran Church, Inc
Evangelical Lutheran Church In America, Inc
First Baptist Church Of Waukesha, Wisconsin, Inc
Nextgen Pastors, Inc
ST. Matthias Episcopal Church
Trinity Evangelical Lutheran Church
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, 140% higher than ST. Clare Congregation's reported 5 employees, and received an average PPP loan of $75,298, 201% higher than this company's loan of $25,000.
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Footnotes & Information
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