PPP Loan Data — ST. Luke's United Methodist Church Of Houston, Houston, TX
ST. Luke's United Methodist Church Of Houston is a non-profit organization located at 3471 Westheimer Road in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,209,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
ST. Luke's United Methodist Church Of Houston in Houston, TX received a Paycheck Protection Loan of $2.21M through Zions Bank, A Division of, 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 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. Luke's United Methodist Church Of Houston's 2019 payroll expenses are estimated to be at least $10.61M.
Based on their reported 318 jobs retained, this equals an estimated average yearly compensation of $33,357 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Luke's United Methodist Church Of Houston reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,209,900
Business Information - ST. Luke's United Methodist Church Of Houston in Houston, TX
3471 Westheimer Road
Houston, TX 77027
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 Houston
In the Houston area, 30 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 318) and received an average PPP loan of $266,602 (compared to this company's $2.21M).
Similar Nearby Businesses Who Received PPP Funding:
The Hospital Church
Christian Life Community Church
Houston Community Temple Church Of God In Christ
Greater Emmanuel Family Worship Center
Houston Christian Foundation
Kashmere Gardens Church Of Christ
MT Rose Missionary Baptist Church
St Peter Claver Catholic Parish
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, 96% lower than ST. Luke's United Methodist Church Of Houston's reported 318 employees, and received an average PPP loan of $75,298, 97% lower than this company's loan of $2.21M.
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Footnotes & Information
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