PPP Loan Data — ST. Mary's Parish Charitable Trust, Springfield, VT
ST. Mary's Parish Charitable Trust is a non-profit organization located at 10 Pleasant St in Springfield, Vermont that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
ST. Mary's Parish Charitable Trust in Springfield, VT received a Paycheck Protection Loan of $25,300 through Mascoma Bank, 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 February, 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. Mary's Parish Charitable Trust's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,144 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Mary's Parish Charitable Trust reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - ST. Mary's Parish Charitable Trust in Springfield, VT
10 Pleasant St
Springfield, VT 5156
NAICS code 813211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,623 businesses in the "Grantmaking Foundations" industry received a total of $559.02M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 20% higher than ST. Mary's Parish Charitable Trust's reported 10 employees, and received an average PPP loan of $120,922, 378% higher than this company's loan of $25,300.
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Footnotes & Information
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