PPP Loan Data — Word Of God Fellowship Inc, Bedford, TX
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
Word 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
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
Similar 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
Missions Resource Network
Azle First Assembly Of God
Arise & Shine International Ministries
Freedom Center Dfw
Silver Creek United Methodist Church
Saint Timothy Cumberland Presbyterian Church
Dimensions Ministries Inc
Eglesia, Casa De Adoracion, Fe, & Evangelizacion, Inc.
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.
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