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PPP Loan Data — St. John's Lutheran Ministries, Billings, MT

SBA PPP loan data, payroll data, and salaries for St. John's Lutheran Ministries
MT

St. John's Lutheran Ministries

Entity: Corporation

Industry: Assisted Living Facilities for the Elderly

Location: Billings, MT

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St. John's Lutheran Ministries is a corporation located at 3940 Rimrock Road in Billings, Montana that received a Coronavirus-related PPP loan from the SBA of $3,476,790.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.48M

Jobs Retained:

487

Loan Approved:

2020-04-10

Lender:

FIRST INTERSTATE BANK

St. John's Lutheran Ministries received a Paycheck Protection Loan of $3.48M through FIRST INTERSTATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, St. John's Lutheran Ministries' total 2019 payroll expenses were approximately $16.69M in order to qualify for the PPP loan amount received.

Based on their reported 487 jobs retained, this equals an estimated average yearly compensation of $34,268 per employee1.

Because the loan received by St. John's Lutheran Ministries is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - St. John's Lutheran Ministries in Billings, MT

St. John's Lutheran Ministries
3940 Rimrock Road
Billings, MT 59102

Business Industry

Assisted Living Facilities for the Elderly (NAICS code 623312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MT-

Similar Companies near Billings

In the Billings area, 2 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 246 employees (compared to this company's 487) and received an average PPP loan of $1,761,145 (compared to this company's $3.48M).

Industry PPP Comparison Statistics

Nationwide, 6,544 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1,444,187,946.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 32 employees, 93% lower than St. John's Lutheran Ministries' reported 487 employees, and received an average PPP loan of $220,689, 94% lower than this company's loan of $3.48M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/st-johns-lutheran-ministries-billings-mt