PPP Loan Data — The Fellowship Evangelical Fr, Minneapolis, MN
The Fellowship Evangelical Fr is a corporation located at 901 E 78th St in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,700,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 180 people during the applicable loan loan period.
$ PPP Loan Information
Lender:HIAWATHA NATIONAL BANK
The Fellowship Evangelical Fr in Minneapolis, MN received a Paycheck Protection Loan of $2.7M through HIAWATHA NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Fellowship Evangelical Fr's total 2019 payroll expenses were approximately $12.96M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $72,000 per employee1.
Business Information - The Fellowship Evangelical Fr in Minneapolis, MN
901 E 78th St
Minneapolis, MN 55420
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 25 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 180) and received an average PPP loan of $183,969 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
One Reason Church
Saint Timothy's Lutheran Church
The Portland Avenue United Methodist Chu
Catholic Charismatic Renewal Office
First Lutheran Church Of Columbia Heights, Minnesota
The Church Of St. Bonaventure Of Bloomington
Brazilian Church Of Hope
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 Fellowship Evangelical Fr's reported 180 employees, and received an average PPP loan of $80,782, 97% lower than this company's loan of $2.7M.
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Footnotes & Information
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