PPP Loan Data — The Bridgeport Roman Catholic Diocesan Corporation, Inc., Bridgeport, CT
The Bridgeport Roman Catholic Diocesan Corporation, Inc. is a non-profit organization located at 238 Jewett Avenue in Bridgeport, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,642,200.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
The Bridgeport Roman Catholic Diocesan Corporation, Inc. in Bridgeport, CT received a Paycheck Protection Loan of $2.64M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Bridgeport Roman Catholic Diocesan Corporation, Inc.'s total 2019 payroll expenses were approximately $12.68M in order to qualify for the PPP loan amount received.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $64,053 per employee1.
Business Information - The Bridgeport Roman Catholic Diocesan Corporation, Inc. in Bridgeport, CT
238 Jewett Avenue
Bridgeport, CT 06606
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: CT-04
Similar Companies near Bridgeport
In the Bridgeport area, 14 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 198) and received an average PPP loan of $210,196 (compared to this company's $2.64M).
Similar Nearby Businesses Who Received PPP Funding:
Iglesia De Dios Y Jesucristo Unida
Iglesia Cristiana Renacer Inc
GOD's Victorious Army Christian Church
Walls Of Salvation Christian Ministries
Jesus Saves Ministries Church
New Vision International Ministries
The Church Of The Blessed Sacrament
St. Andrew Roman Catholic Corporation
Industry PPP Comparison Statistics
Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 94% lower than The Bridgeport Roman Catholic Diocesan Corporation, Inc.'s reported 198 employees, and received an average PPP loan of $80,782, 97% lower than this company's loan of $2.64M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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