PPP Loan Data — Trinity Evangelical Lutheran Church, Bethlehem, PA
Trinity Evangelical Lutheran Church is a 501(c)3 – non profit located at 323 Nazareth Pike in Bethlehem, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,023.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fulton Bank, National Association
Trinity Evangelical Lutheran Church in Bethlehem, PA received a Paycheck Protection Loan of $25,023 through Fulton Bank, National Association, 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 April, 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, Trinity Evangelical Lutheran Church's 2019 payroll expenses are estimated to be at least $120,110.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,055 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trinity Evangelical Lutheran Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,767
- Utilities: $3,128
- Rent: $3,128
Business Information - Trinity Evangelical Lutheran Church in Bethlehem, PA
323 Nazareth Pike
Bethlehem, PA 18020
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bethlehem
In the Bethlehem area, 5 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $16,962 (compared to this company's $25,023).
Similar Nearby Businesses Who Received PPP Funding:
Sacred Heart Of Jesus Catholic Church
St Marks Evangelical Lutheran Church
Church Of The Living Well
Promised Land Church Of The
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, 500% higher than Trinity Evangelical Lutheran Church's reported 2 employees, and received an average PPP loan of $75,298, 201% higher than this company's loan of $25,023.
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Footnotes & Information
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