PPP Loan Data — St Johns Episcopal Church, Little Silver, NJ
St Johns Episcopal Church is a non-profit organization located at 325 Little Silver Point Rd. in Little Silver, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,128.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
St Johns Episcopal Church in Little Silver, NJ received a Paycheck Protection Loan of $25,128 through Wells Fargo Bank, National Association, which was approved in June, 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 June, 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 Johns Episcopal Church's 2019 payroll expenses are estimated to be at least $120,614.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,307 per employee1
Reported PPP Proceed Usage:
On the PPP application, St Johns Episcopal Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,128
Business Information - St Johns Episcopal Church in Little Silver, NJ
325 Little Silver Point Rd.
Little Silver, NJ 7739
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 Little Silver
In the Little Silver area, 7 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 2) and received an average PPP loan of $271,567 (compared to this company's $25,128).
Similar Nearby Businesses Who Received PPP Funding:
Lincroft Presbyterian Church
The Faith Korean Presbyterian Church
Unitarianuniversalist Congregation Of Monmouth County Inc
Church Of Saint Leo The Great
Church Of Saint Leo The Great
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 Johns Episcopal Church's reported 2 employees, and received an average PPP loan of $75,298, 200% higher than this company's loan of $25,128.
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Footnotes & Information
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