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PPP Loan Data — Blue Horseshoe Solutions Inc., Carmel, IN

SBA PPP loan data, payroll data, and salaries for Blue Horseshoe Solutions Inc.

Blue Horseshoe Solutions Inc.

Entity: Corporation

Industry: Custom Computer Programming Services

Location: Carmel, IN

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Blue Horseshoe Solutions Inc. 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 - Blue Horseshoe Solutions Inc. in Carmel, IN

Blue Horseshoe Solutions Inc.
11939 N Meridian St., Ste 300
Carmel, IN 46032

Business Industry

Custom Computer Programming Services (NAICS code 541511)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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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