PPP Loan Data — Apartment Management Professionals LLC, Indianapolis, IN
Apartment Management Professionals LLC is a limited liability company (LLC) located at 7010 Shelby St in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,475,475.00 in April, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Apartment Management Professionals LLC received a Paycheck Protection Loan of $2.48M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Apartment Management Professionals LLC's total 2019 payroll expenses were approximately $11.88M in order to qualify for the PPP loan amount received.
Unlike most businesses, Apartment Management Professionals LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Apartment Management Professionals LLC in Indianapolis, IN
7010 Shelby St
Indianapolis, IN 46227
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IN-07
Similar Companies near Indianapolis
In the Indianapolis area, 8 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 0) and received an average PPP loan of $383,710 (compared to this company's $2.48M).
Similar Nearby Businesses Who Received PPP Funding:
Obsidian Development LLC
Michael Allen Enterpirse LLC
Carnegie Green LLC
Dream Home Property LLC
New Sesco Inc
United Tax Sale Services, LLC
Strategic Real Estate Tax Solutions, LLC
Industry PPP Comparison Statistics
Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, and received an average PPP loan of $62,929, 97% lower than this company's loan of $2.48M.
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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