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PPP Loan Data — St Paul's Greek Orthodox Church,
Irvine, CA
St Paul's Greek Orthodox Church
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Irvine, CA
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St Paul's Greek Orthodox Church is a non-profit organization located at 4949 Alton Pkwy in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $116,632.00 in February, 2021.
$
PPP Loan Information
Loan #6312828410
Loan Size:
Jobs Retained:
10Loan Approved:
2021-02-10Loan Status:
Ongoing LoanLender:
City National BankSt Paul's Greek Orthodox Church in Irvine, CA received a Paycheck Protection Loan of $116,632 through City National Bank, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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 Paul's Greek Orthodox Church's 2019 payroll expenses are estimated to be at least $559,834.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $55,983 per employee1
Reported PPP Proceed Usage:
On the PPP application, St Paul's Greek Orthodox Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $116,629
- Utilities: $1
Business Information - St Paul's Greek Orthodox Church in Irvine, CA
4949 Alton Pkwy
Irvine, CA 92604
Business Industry:
Religious Organizations
NAICS code 813110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 19 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 10) and received an average PPP loan of $302,083 (compared to this company's $116,632).
Similar Nearby Businesses Who Received PPP Funding:
Irvine Presbyterian Church Incorporated
Irvine, CA
Friends Of Chabad Of Hebron, Inc
Irvine, CA
Chabad Of Irvine
Irvine, CA
Woodbridge Community Church
Irvine, CA
Mariners Church
Irvine, CA
The Journey Christian Church
Irvine, CA
The Hillel Foundation Of Orange County
Irvine, CA
ST. John Neumann Church
Irvine, CA
Good Shepherd Lutheran Church
Irvine, CA
Industry PPP Comparison Statistics
Nationwide, 121,321 businesses in the "Religious Organizations" industry received a total of $9.21B 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, 20% higher than St Paul's Greek Orthodox Church's reported 10 employees, and received an average PPP loan of $75,883, 35% lower than this company's loan of $116,632.
ST. Paul's Greek Orthodox Church
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Irvine, CA
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ST. Paul's Greek Orthodox Church is a non-profit organization located at 4949 Alton Pkwy in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $93,600.00 in April, 2020.
$
PPP Loan Information
Loan #8807607005
Loan Size:
Jobs Retained:
10Loan Approved:
2020-04-08Loan Status:
Ongoing LoanLender:
City National BankST. Paul's Greek Orthodox Church in Irvine, CA received a Paycheck Protection Loan of $93,600 through City National Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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. Paul's Greek Orthodox Church's 2019 payroll expenses are estimated to be at least $449,280.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $44,928 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Paul's Greek Orthodox Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $93,600
Business Information - ST. Paul's Greek Orthodox Church in Irvine, CA
4949 Alton Pkwy
Irvine, CA 92604
Business Industry:
Religious Organizations
NAICS code 813110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 19 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 10) and received an average PPP loan of $302,083 (compared to this company's $93,600).
Similar Nearby Businesses Who Received PPP Funding:
Irvine Presbyterian Church Incorporated
Irvine, CA
Friends Of Chabad Of Hebron, Inc
Irvine, CA
Chabad Of Irvine
Irvine, CA
Woodbridge Community Church
Irvine, CA
Mariners Church
Irvine, CA
The Journey Christian Church
Irvine, CA
The Hillel Foundation Of Orange County
Irvine, CA
ST. John Neumann Church
Irvine, CA
Good Shepherd Lutheran Church
Irvine, CA
Industry PPP Comparison Statistics
Nationwide, 121,321 businesses in the "Religious Organizations" industry received a total of $9.21B 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, 20% higher than ST. Paul's Greek Orthodox Church's reported 10 employees, and received an average PPP loan of $75,883, 19% lower than this company's loan of $93,600.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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