PPP Loan Data — St Peter Church, Auburn, NH
St Peter Church is a non-profit organization located at 567 Manchester Rd in Auburn, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:St. Mary's Bank
St Peter Church in Auburn, NH received a Paycheck Protection Loan of $25,200 through St. Mary's 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 April, 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 Peter Church's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,096 per employee1
Reported PPP Proceed Usage:
On the PPP application, St Peter Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - St Peter Church in Auburn, NH
567 Manchester Rd
Auburn, NH 3032
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 Auburn
In the Auburn area, 8 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 10) and received an average PPP loan of $20,521 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Church Of Christ
Congregational Church Of Amherst,Ucc
Congregation Of Betenu-Sba Small 7A Term
Amherst Christian Church-Sba Small 7A Term
Christs Church Of Amherst
St Paul Evangelical Lutheran Church
Cornerstone Bible 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, 20% higher than St Peter Church's reported 10 employees, and received an average PPP loan of $75,298, 199% higher than this company's loan of $25,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!