PPP Loan Data — Zion Baptist Church Of Columbia SC, Columbia, SC
Zion Baptist Church Of Columbia SC is a non-profit organization located at 801 Washington St in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Zion Baptist Church Of Columbia SC in Columbia, SC received a Paycheck Protection Loan of $45,900 through Optus 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, Zion Baptist Church Of Columbia SC's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,064 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zion Baptist Church Of Columbia SC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Zion Baptist Church Of Columbia SC in Columbia, SC
801 Washington St
Columbia, SC 29201
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Columbia
In the Columbia area, 31 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 5) and received an average PPP loan of $82,815 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
ST. Thomas More Center
Church Of The Apostles, Columbia
The Korean Community Presbyterian
Grace Christian Church Of
Trinity Cathedral Parish
Wesley United Methodist Church
Campus Outreach Columbia
Baptist Educational And Missionary Convention Of South Carol
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 Zion Baptist Church Of Columbia SC's reported 5 employees, and received an average PPP loan of $75,298, 64% higher than this company's loan of $45,900.
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Footnotes & Information
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