PPP Loan Data — Birge & Held Asset Management, LLC, Indianapolis, IN
Birge & Held Asset Management, LLC is a limited liability company (LLC) located at 8902 N. Meridian in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,554,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 249 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MERCHANTS BANK OF INDIANA
Birge & Held Asset Management, LLC received a Paycheck Protection Loan of $3.55M through MERCHANTS BANK OF INDIANA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Birge & Held Asset Management, LLC's total 2019 payroll expenses were approximately $17.06M in order to qualify for the PPP loan amount received.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $68,526 per employee1.
Business Information - Birge & Held Asset Management, LLC in Indianapolis, IN
8902 N. Meridian
Indianapolis, IN 46260
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Indianapolis
In the Indianapolis area, 2 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 176 employees (compared to this company's 249) and received an average PPP loan of $2,604,050 (compared to this company's $3.55M).
Similar Nearby Businesses Who Received PPP Funding:
Corner Management, Inc.
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, 98% lower than Birge & Held Asset Management, LLC's reported 249 employees, and received an average PPP loan of $62,929, 98% lower than this company's loan of $3.55M.
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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