PPP Loan Data — Blue & Co LLC, Carmel, IN
Blue & Co LLC is a limited liability company (LLC) located at 12800 N Meridian St in Carmel, Indiana that received a Coronavirus-related PPP loan from the SBA of $6,980,300.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Blue & Co LLC in Carmel, IN received a Paycheck Protection Loan of $6.98M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Blue & Co LLC's total 2019 payroll expenses were approximately $33.51M in order to qualify for the PPP loan amount received.
Based on their reported 447 jobs retained, this equals an estimated average yearly compensation of $74,956 per employee1.
Business Information - Blue & Co LLC in Carmel, IN
12800 N Meridian St
Carmel, IN 46032
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Carmel
In the Carmel area, 17 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 447) and received an average PPP loan of $662,072 (compared to this company's $6.98M).
Similar Nearby Businesses Who Received PPP Funding:
John P Holloway, CPA, Professional Corporation
Douglas A Latham CPA, LLC
Patricia Vollmer DBA None
Financial Management Resources, Inc.
Theresa D Props, CPA
Timothy A. Ginn
Dauby O'Connor & Zaleski LLC
Watson CPA, LLC
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Blue & Co LLC's reported 447 employees, and received an average PPP loan of $88,968, 99% lower than this company's loan of $6.98M.
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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