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PPP Loan Data — Word Of God Fellowship Inc,
Bedford, TX
Word Of God Fellowship Inc
Entity: Non-profit Organization
Industry: Religious Organizations
Location: Bedford, TX
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Word Of God Fellowship Inc is a non-profit organization located at 3901 Highway 121 in Bedford, Texas that received a Coronavirus-related PPP loan from the SBA of $3,913,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
303Loan Approved:
2020-04-09Lender:
FROST BANKWord Of God Fellowship Inc received a Paycheck Protection Loan of $3.91M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Word Of God Fellowship Inc's total 2019 payroll expenses were approximately $18.78M in order to qualify for the PPP loan amount received.
Based on their reported 303 jobs retained, this equals an estimated average yearly compensation of $61,991 per employee1.
Business Information - Word Of God Fellowship Inc in Bedford, TX
3901 Highway 121
Bedford, TX 76021
Business Industry
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-24Similar Companies near Bedford
In the Bedford area, 29 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 303) and received an average PPP loan of $223,263 (compared to this company's $3.91M).
Similar Nearby Businesses Who Received PPP Funding:
Brown Trail Church Of Christ
Bedford, TX
Missions Resource Network
Bedford, TX
Azle First Assembly Of God
Azle, TX
Arise & Shine International Ministries
Bedford, TX
Freedom Center Dfw
Bedford, TX
Silver Creek United Methodist Church
Azle, TX
Saint Timothy Cumberland Presbyterian Church
Bedford, TX
Dimensions Ministries Inc
Bedford, TX
Eglesia, Casa De Adoracion, Fe, & Evangelizacion, Inc.
Bedford, TX
Industry PPP Comparison Statistics
Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Word Of God Fellowship Inc's reported 303 employees, and received an average PPP loan of $80,782, 98% lower than this company's loan of $3.91M.
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.
Footnotes & Information
1. 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.
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