PPP Loan Data — United Methodist Church Of Merced, Merced, CA
United Methodist Church Of Merced is a non-profit organization located at 899 Yosemite Parkway in Merced, California that received a Coronavirus-related PPP loan from the SBA of $25,218.00 in May, 2020.
The company has reported itself as a White female owned non-profit, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
United Methodist Church Of Merced in Merced, CA received a Paycheck Protection Loan of $25,218 through Westamerica Bank, which was approved in May, 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 June, 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, United Methodist Church Of Merced's 2019 payroll expenses are estimated to be at least $121,046.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,209 per employee1
Reported PPP Proceed Usage:
On the PPP application, United Methodist Church Of Merced reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,218
Business Information - United Methodist Church Of Merced in Merced, CA
899 Yosemite Parkway
Merced, CA 95340
NAICS code 813110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Merced
In the Merced area, 15 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 5) and received an average PPP loan of $66,961 (compared to this company's $25,218).
Similar Nearby Businesses Who Received PPP Funding:
St Pauls Evangelical Lutheran Church Of Merced California A
Christian Life Center Of Merced
Polly Maureen Alterman DBA Yosemite Church
Central Presbyterian Church
First Assembly Of God Merced
First Assembly Of God Of Merced
St Pauls Evangelical Lutheran Church Of Merced, CA Corp
Shepherd Of The Valley Evangelical Lutheran Church
Unity Church Of Merced
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, 140% higher than United Methodist Church Of Merced's reported 5 employees, and received an average PPP loan of $75,298, 199% higher than this company's loan of $25,218.
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Footnotes & Information
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