PPP Loan Data — Victory Christian Center Inc, Tulsa, OK
Victory Christian Center Inc is a non-profit organization located at 7700 S Lewis Ave in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,167,146.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 250 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Victory Christian Center Inc in Tulsa, OK received a Paycheck Protection Loan of $2.17M through Grand Bank, 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, Victory Christian Center Inc's 2019 payroll expenses are estimated to be at least $10.4M.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $41,609 per employee1
Reported PPP Proceed Usage:
On the PPP application, Victory Christian Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,815,538
- Utilities: $154,022
- Rent: $15,274
- Health Care: $182,312
Business Information - Victory Christian Center Inc in Tulsa, OK
7700 S Lewis Ave
Tulsa, OK 74136
NAICS code 813110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 54 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 250) and received an average PPP loan of $117,154 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
The Provision Group Inc
Healing Grace Church Inc
Tulsa-Hope International Ministries
Myanmar Christian Church Inc
Safari Mission USA, Inc
Redeemer Covenant Church Of Tulsa
Harvest Church Assembly Of God
Unity Church Of Christianity
Fellowship Bible 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, 95% lower than Victory Christian Center Inc's reported 250 employees, and received an average PPP loan of $75,298, 97% lower than this company's loan of $2.17M.
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Footnotes & Information
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