PPP Loan Data — The Hartford Roman Catholic Diocesan Corporation, Hartford, CT
The Hartford Roman Catholic Diocesan Corporation is a non-profit organization located at 134 Farmington Avenue in Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $1,774,075.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:People's United Bank, National Association
The Hartford Roman Catholic Diocesan Corporation in Hartford, CT received a Paycheck Protection Loan of $1.77M through People's United Bank, National Association, which was approved in April, 2020.
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 Hartford Roman Catholic Diocesan Corporation's 2019 payroll expenses are estimated to be at least $8.52M.
Based on their reported 117 jobs retained, this equals an estimated average yearly compensation of $72,783 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Hartford Roman Catholic Diocesan Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,774,075
Business Information - The Hartford Roman Catholic Diocesan Corporation in Hartford, CT
134 Farmington Avenue
Hartford, CT 6105
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 Hartford
In the Hartford area, 39 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 117) and received an average PPP loan of $93,318 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
All Saints Of America Orthodox Christian
SS Cyril & Methodius Church Corp
Church Of God New England Hispanic Territory
Church Of The Good Shepherd
United Methodist Church Of Hartford
Fellowship Of Congregational Christian Churches And Ecclesia
Grace Episcopal Church
First Presbyterian 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, 90% lower than The Hartford Roman Catholic Diocesan Corporation's reported 117 employees, and received an average PPP loan of $75,298, 96% lower than this company's loan of $1.77M.
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Footnotes & Information
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