PPP Loan Data — ST. John United Lutheran Church, Seattle, WA
ST. John United Lutheran Church is a non-profit organization located at 5515 Phinney Ave N in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
ST. John United Lutheran Church in Seattle, WA received a Paycheck Protection Loan of $25,100 through HomeStreet Bank, 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. John United Lutheran Church's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. John United Lutheran Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - ST. John United Lutheran Church in Seattle, WA
5515 Phinney Ave N
Seattle, WA 98103
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 27 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 3) and received an average PPP loan of $249,485 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Woodland Park Presbyterian Church
St James Cathedral
Trinity Parish Of Seattle
Church Of The Apostles
Corporation Of The Catholic Archbishop Of Seattle
ST. Patrick Catholic Church
Emmanuel Bible Church Of Seattle, Washington
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, 300% higher than ST. John United Lutheran Church's reported 3 employees, and received an average PPP loan of $75,298, 200% higher than this company's loan of $25,100.
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Footnotes & Information
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