PPP Loan Data — Zoar Lutheran Church, Canby, OR
Zoar Lutheran Church is a non-profit organization located at 190 3rd Ave Sw in Canby, Oregon that received a Coronavirus-related PPP loan from the SBA of $24,980.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Zoar Lutheran Church in Canby, OR received a Paycheck Protection Loan of $24,980 through U.S. Bank, National Association, which was approved in April, 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 January, 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, Zoar Lutheran Church's 2019 payroll expenses are estimated to be at least $119,904.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,981 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zoar Lutheran Church reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,980
Business Information - Zoar Lutheran Church in Canby, OR
190 3rd Ave Sw
Canby, OR 97013
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Canby
In the Canby area, 9 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $44,174 (compared to this company's $24,980).
Similar Nearby Businesses Who Received PPP Funding:
Macksburg Lutheran Church
The Bridge Church NW
Bethany Evangelical Free Church
ST. Patrick Catholic Church, Canby,
Canby Foursquare Church
Canby United Methodist Church
First Christian Church Of Canby
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 Zoar Lutheran Church's reported 5 employees, and received an average PPP loan of $75,298, 201% higher than this company's loan of $24,980.
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Footnotes & Information
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