PPP Loan Data — Bierman Aba, Inc., Indianapolis, IN
Bierman Aba, Inc. is a subchapter s corporation located at 6060 N College Ave in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,560,082.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST INTERNET BANK OF INDIANA
Bierman Aba, Inc. in Indianapolis, IN received a Paycheck Protection Loan of $2.56M through FIRST INTERNET BANK OF INDIANA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bierman Aba, Inc.'s total 2019 payroll expenses were approximately $12.29M in order to qualify for the PPP loan amount received.
Based on their reported 305 jobs retained, this equals an estimated average yearly compensation of $40,290 per employee1.
Business Information - Bierman Aba, Inc. in Indianapolis, IN
6060 N College Ave
Indianapolis, IN 46220
Child and Youth Services (NAICS code 624110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Indianapolis
In the Indianapolis area, 3 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 305) and received an average PPP loan of $977,549 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
Fort Wayne Autism Center, Inc
Edge Mentoring, Inc.
Industry PPP Comparison Statistics
Nationwide, 6,712 businesses in the "Child and Youth Services" industry received a total of $1,286,022,505.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 24 employees, 92% lower than Bierman Aba, Inc.'s reported 305 employees, and received an average PPP loan of $191,600, 93% lower than this company's loan of $2.56M.
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, 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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