PPP Loan Data — ST. Rose Of Lima Church, Altoona, PA
ST. Rose Of Lima Church is a non-profit organization located at 5514 Roselawn Ave in Altoona, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,992.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Pennsylvania
ST. Rose Of Lima Church in Altoona, PA received a Paycheck Protection Loan of $24,992 through First National Bank of Pennsylvania, which was approved in June, 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. Rose Of Lima Church's 2019 payroll expenses are estimated to be at least $119,962.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $9,997 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Rose Of Lima Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,992
Business Information - ST. Rose Of Lima Church in Altoona, PA
5514 Roselawn Ave
Altoona, PA 16602
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 Altoona
In the Altoona area, 28 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 12) and received an average PPP loan of $44,317 (compared to this company's $24,992).
Similar Nearby Businesses Who Received PPP Funding:
Abundant Life Assembely Of God
Cathedral Of The Belssed Sacrament
Diocese Of Altoona Johnstown
Refuge Youth Network, Inc
Ward Avenue Pres Church
Juniata United Methodist Church
East End United Methodist Church
Center City Church, Inc
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, the same amount reported by ST. Rose Of Lima Church and received an average PPP loan of $75,298, 201% higher than this company's loan of $24,992.
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Footnotes & Information
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