PPP Loan Data — The Father's Church, Dallas, TX
The Father's Church is a non-profit organization located at 2707 Abrams Rd. in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $25,027.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
The Father's Church in Dallas, TX received a Paycheck Protection Loan of $25,027 through Wells Fargo Bank, National Association, which was approved in May, 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 June, 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 Father's Church's 2019 payroll expenses are estimated to be at least $120,130.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,065 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Father's Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,027
Business Information - The Father's Church in Dallas, TX
2707 Abrams Rd.
Dallas, TX 75214
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, 25 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 2) and received an average PPP loan of $113,931 (compared to this company's $25,027).
Similar Nearby Businesses Who Received PPP Funding:
Cornerstone Crossroads Academy
Warren United Methodist Church
Saint Paul African Methodist Episcopal Church Dallas Texas
Children Of Ra Inc
Salem Institutional Baptist Church
The Winners Assembly Christian Church Of God
Bethany Christian Church
Zion Luteran Church Of Dallas, Texas
Lakewood United Methodist Chuch
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, 500% higher than The Father's Church's reported 2 employees, and received an average PPP loan of $75,298, 201% higher than this company's loan of $25,027.
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Footnotes & Information
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