PPP Loan Data — St. John's Lutheran Ministries, Billings, MT
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
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.
Business Information - St. John's Lutheran Ministries in Billings, MT
3940 Rimrock Road
Billings, MT 59102
Assisted Living Facilities for the Elderly (NAICS code 623312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Pure Infusion Suites Of Billings MT Center 1, LLC
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.
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Footnotes & Information
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