PPP Loan Data — The First Baptist Church Of Orlando, Inc, Orlando, FL
The First Baptist Church Of Orlando, Inc is a non-profit organization located at 3000 S. John Young Pkwy in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $1,996,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
The First Baptist Church Of Orlando, Inc in Orlando, FL received a Paycheck Protection Loan of $2M through Truist Bank d/b/a Branch Banking & Trust Co, 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 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 Orlando, Inc's 2019 payroll expenses are estimated to be at least $9.58M.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $46,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, The First Baptist Church Of Orlando, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,996,800
Business Information - The First Baptist Church Of Orlando, Inc in Orlando, FL
3000 S. John Young Pkwy
Orlando, FL 32805
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 49 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 208) and received an average PPP loan of $135,634 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
New Day Christian Center Inc
The Church In The Son, Inc
First Haitian Free Church Of Nazarene By Faith, Inc
Bishop Moore Catholic High School Inc
Shiloh Baptist Church Of Orlando, Inc
Mount Olive African Methodist Episcopal Church Of Central FL
Rethink Life Church Of Lake Nona, Inc
Reformation Evangelical Lutheran Church
Back 2 God Inc
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, 94% lower than The First Baptist Church Of Orlando, Inc's reported 208 employees, and received an average PPP loan of $75,298, 96% lower than this company's loan of $2M.
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Footnotes & Information
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