PPP Loan Data — The Episcopal Church Of The Good Shepherd Of Dallas, Dallas, TX
The Episcopal Church Of The Good Shepherd Of Dallas is a non-profit organization located at 11122 Midway Rd in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,811,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Episcopal Church Of The Good Shepherd Of Dallas in Dallas, TX received a Paycheck Protection Loan of $1.81M through Frost 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 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 Episcopal Church Of The Good Shepherd Of Dallas' 2019 payroll expenses are estimated to be at least $8.69M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $63,928 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Episcopal Church Of The Good Shepherd Of Dallas reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,811,300
Business Information - The Episcopal Church Of The Good Shepherd Of Dallas in Dallas, TX
11122 Midway Rd
Dallas, TX 75229
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 Dallas
In the Dallas area, 40 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 136) and received an average PPP loan of $128,370 (compared to this company's $1.81M).
Similar Nearby Businesses Who Received PPP Funding:
Walnut Hill Church
Central Congregational Churc
Casa View Assembly Of God
Restoration Point Church Of God
Walnut Hill United Methodist Church, Inc
Christ Center Of Hope
White Rock Church Of Christ
San Francisco De Asis Episcopal Church
Christian Stronghold Baptist 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, 91% lower than The Episcopal Church Of The Good Shepherd Of Dallas' reported 136 employees, and received an average PPP loan of $75,298, 96% lower than this company's loan of $1.81M.
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Footnotes & Information
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