PPP Loan Data — The First Baptist Church Of Deanwood, Washington, DC
The First Baptist Church Of Deanwood is a non-profit organization located at 1008 45th Street Ne in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $46,201.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
The First Baptist Church Of Deanwood in Washington, DC received a Paycheck Protection Loan of $46,201 through Wells Fargo Bank, National Association, which was approved in June, 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 May, 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 First Baptist Church Of Deanwood's 2019 payroll expenses are estimated to be at least $221,765.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,441 per employee1
Reported PPP Proceed Usage:
On the PPP application, The First Baptist Church Of Deanwood reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,201
Business Information - The First Baptist Church Of Deanwood in Washington, DC
1008 45th Street Ne
Washington, DC 20019
All Other Information Services
NAICS code 519190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 4 businesses in the "All Other Information Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $27,175 (compared to this company's $46,201).
Similar Nearby Businesses Who Received PPP Funding:
Baronne Fitzugh Fleming
Industry PPP Comparison Statistics
Nationwide, 9,477 businesses in the "All Other Information Services" industry received a total of $663.71M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 25% higher than The First Baptist Church Of Deanwood's reported 4 employees, and received an average PPP loan of $70,034, 52% higher than this company's loan of $46,201.
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Footnotes & Information
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