PPP Loan Data — The Bible League, Crete, IL
The Bible League is a non-profit organization located at 3801 Eagle Nest Dr. in Crete, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,652,160.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Providence Bank & Trust
The Bible League in Crete, IL received a Paycheck Protection Loan of $1.65M through Providence Bank & Trust, 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 January, 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, The Bible League's 2019 payroll expenses are estimated to be at least $7.93M.
Based on their reported 94 jobs retained, this equals an estimated average yearly compensation of $84,366 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Bible League reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,386,632
- Health Care: $265,528
Business Information - The Bible League in Crete, IL
3801 Eagle Nest Dr.
Crete, IL 60417
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 Crete
In the Crete area, 19 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 94) and received an average PPP loan of $319,292 (compared to this company's $1.65M).
Similar Nearby Businesses Who Received PPP Funding:
Christian Life Assembly Of God
Coal City, IL
Faith And Action
Trinity Evangelical Lutheran Churh, Unaltered Augsburg Confe
Coal City, IL
Trinity Evangelical Lutheran Church Unaltered Augsburg Confe
Zion Lutheran Church Of Crete
Elim Christian Services
Life In Christ Family Worship Center
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, 87% lower than The Bible League's reported 94 employees, and received an average PPP loan of $75,298, 95% lower than this company's loan of $1.65M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!