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PPP Loan Data — Birge & Held Asset Management, LLC, Indianapolis, IN

SBA PPP loan data, payroll data, and salaries for Birge & Held Asset Management, LLC
IN

Birge & Held Asset Management, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Activities Related to Real Estate

Location: Indianapolis, IN

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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

Loan Size:

$3.55M

Jobs Retained:

249

Loan Approved:

2020-04-03

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.

Because the loan received by Birge & Held Asset Management, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Birge & Held Asset Management, LLC in Indianapolis, IN

Birge & Held Asset Management, LLC
8902 N. Meridian
Indianapolis, IN 46260

Business Industry

Other Activities Related to Real Estate (NAICS code 531390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional 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.
Indianapolis, IN

$1.65M PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/birge-and-held-asset-management-llc-indianapolis-in