PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — The Shalom Project Inc, Winston Salem, NC

SBA PPP loan data, payroll data, and salaries for The Shalom Project Inc
NC Nonprofit Organization

The Shalom Project Inc

Entity: Non-profit Organization

Industry: Other Individual and Family Services

Location: Winston Salem, NC

Search All PPP Data

The Shalom Project Inc is a non-profit organization located at 639 S Green St in Winston Salem, North Carolina that received a Coronavirus-related PPP loan from the SBA of $30,968.00 in March, 2021.

$ PPP Loan Information
Loan #5021928607

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


Virginia United Methodist CU, Inc d/b/a The United Methodist CU

The Shalom Project Inc in Winston Salem, NC received a Paycheck Protection Loan of $30,968 through Virginia United Methodist CU, Inc d/b/a The United Methodist CU, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 Shalom Project Inc's 2019 payroll expenses are estimated to be at least $148,646.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $37,162 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Shalom Project Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $30,967

Business Information - The Shalom Project Inc in Winston Salem, NC

The Shalom Project Inc
639 S Green St
Winston Salem, NC 27101

Business Industry:
Other Individual and Family Services
NAICS code 624190

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Forsyth County, NC — SBA Office 0460 — Congressional District: NC-06

Similar Companies near Winston Salem

In the Winston Salem area, 11 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 4) and received an average PPP loan of $314,576 (compared to this company's $30,968).

Industry PPP Comparison Statistics

Nationwide, 24,879 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 300% higher than The Shalom Project Inc's reported 4 employees, and received an average PPP loan of $118,797, 284% higher than this company's loan of $30,968.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

Have's open data tools been valuable? Consider donating!

** This Document Provided By - The Civil Employee's Resource **