PPP Loan Data — Central Supply Company Inc, Indianapolis, IN
Central Supply Company Inc
Location: Indianapolis, INTweet This • Search All PPP Data
Central Supply Company Inc is a corporation located at 8900 E 30th Street in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,476,883.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Central Supply Company Inc in Indianapolis, IN received a Paycheck Protection Loan of $2.48M through Fifth Third Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Central Supply Company Inc's 2019 payroll expenses are estimated to be at least $11.89M.
Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $64,265 per employee1
Reported PPP Proceed Usage:
On the PPP application, Central Supply Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,476,883
Business Information - Central Supply Company Inc in Indianapolis, IN
8900 E 30th Street
Indianapolis, IN 46219
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers
NAICS code 423720
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,248 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $720.86M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 93% lower than Central Supply Company Inc's reported 185 employees, and received an average PPP loan of $169,693, 93% lower than this company's loan of $2.48M.
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Footnotes & Information
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