PPP Loan Data — Blue Horseshoe Solutions Inc., Carmel, IN
Blue Horseshoe Solutions Inc. is a corporation located at 11939 N Meridian St., Ste 300 in Carmel, Indiana that received a Coronavirus-related PPP loan from the SBA of $5,242,300.00 in April, 2020.
The company has reported itself as a Hispanic owned business, and employed at least 281 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Blue Horseshoe Solutions Inc. received a Paycheck Protection Loan of $5.24M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Blue Horseshoe Solutions Inc.'s total 2019 payroll expenses were approximately $25.16M in order to qualify for the PPP loan amount received.
Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $89,548 per employee1.
Business Information - Blue Horseshoe Solutions Inc. in Carmel, IN
11939 N Meridian St., Ste 300
Carmel, IN 46032
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Carmel
In the Carmel area, 31 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 281) and received an average PPP loan of $409,770 (compared to this company's $5.24M).
Similar Nearby Businesses Who Received PPP Funding:
Sahasra Technologies Corp DBA Stlogics
Guilford Group LLC
Indigo Bioautomation, Inc.
Knipp & Company
Perfectfit Software Solutions, LLC
Leaf Software Solutions, Inc.
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Blue Horseshoe Solutions Inc.'s reported 281 employees, and received an average PPP loan of $200,633, 96% lower than this company's loan of $5.24M.
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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