PPP Loan Data — St Mark Parish, Mckeesport, PA
St Mark Parish is a non-profit organization located at 3210 Liberty Way in Mckeesport, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
St Mark Parish in Mckeesport, PA received a Paycheck Protection Loan of $25,200 through PNC Bank, National Association, which was approved in May, 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 Mark Parish's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, St Mark Parish reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - St Mark Parish in Mckeesport, PA
3210 Liberty Way
Mckeesport, PA 15133
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mckeesport
In the Mckeesport area, 10 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $16,331 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Liberty Presbyterian Church
St Stephens Episcopal Church
First United Methodist Church
Bethlehem Baptist Church
Port Vue United Methodist Church
Mckeesport Presbyterian Church
Beulah Park United Methodist Church
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, 100% higher than St Mark Parish's reported 6 employees, and received an average PPP loan of $75,298, 199% higher than this company's loan of $25,200.
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Footnotes & Information
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