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PPP Loan Data — America China Society Of Indiana Inc, Indianapolis, IN

ALERT: There are 2 PPP loans for a total of $27,691 in our database for businesses with the name "America China Society Of Indiana Inc" in Indianapolis, IN. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for America China Society Of Indiana Inc
IN

America China Society Of Indiana Inc

Entity: Corporation

Industry: Civic and Social Organizations

Location: Indianapolis, IN

Search All PPP Data

America China Society Of Indiana Inc is a corporation located in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $13,822.00 in February, 2021.

$ PPP Loan Information
Loan #4588958405

Loan Size:

$13,822

Jobs Retained:

1

Loan Approved:

2021-02-06

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

America China Society Of Indiana Inc in Indianapolis, IN received a Paycheck Protection Loan of $13,822 through JPMorgan Chase Bank, National Association, which was approved in February, 2021.

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 December, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, America China Society Of Indiana Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,822

Business Information - America China Society Of Indiana Inc in Indianapolis, IN

America China Society Of Indiana Inc
Indianapolis, IN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Civic and Social Organizations
NAICS code 813410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Marion County, IN — SBA Office 0562 — Congressional District: IN-07

Similar Companies near Indianapolis

In the Indianapolis area, 26 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 1) and received an average PPP loan of $233,529 (compared to this company's $13,822).

Industry PPP Comparison Statistics

Nationwide, 18,467 businesses in the "Civic and Social Organizations" industry received a total of $2.6B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 20 employees, 1900% higher than America China Society Of Indiana Inc's reported 1 employees, and received an average PPP loan of $140,720, 918% higher than this company's loan of $13,822.

SBA PPP loan data, payroll data, and salaries for America China Society Of Indiana, Inc
IN

America China Society Of Indiana, Inc

Entity: Corporation

Industry: Civic and Social Organizations

Location: Indianapolis, IN

Search All PPP Data

America China Society Of Indiana, Inc is a corporation located in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $13,869.00 in April, 2020.

$ PPP Loan Information
Loan #7452047205

Loan Size:

$13,869

Jobs Retained:

1

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

America China Society Of Indiana, Inc in Indianapolis, IN received a Paycheck Protection Loan of $13,869 through JPMorgan Chase 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 May, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, America China Society Of Indiana, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,869

Business Information - America China Society Of Indiana, Inc in Indianapolis, IN

America China Society Of Indiana, Inc
Indianapolis, IN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Civic and Social Organizations
NAICS code 813410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Marion County, IN — SBA Office 0562 — Congressional District: IN-07

Similar Companies near Indianapolis

In the Indianapolis area, 26 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 1) and received an average PPP loan of $233,529 (compared to this company's $13,869).

Industry PPP Comparison Statistics

Nationwide, 18,467 businesses in the "Civic and Social Organizations" industry received a total of $2.6B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 20 employees, 1900% higher than America China Society Of Indiana, Inc's reported 1 employees, and received an average PPP loan of $140,720, 915% higher than this company's loan of $13,869.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/america-china-society-of-indiana-inc-indianapolis-in