PPP Loan Data — Cicoa Aging & In-Home Solution, Indianapolis, IN
Cicoa Aging & In-Home Solution
Location: Indianapolis, INTweet This • Search All PPP Data
Cicoa Aging & In-Home Solution is a corporation located at 8440 Woodfield Crossing Boulevard in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,295,280.00 in April, 2020.
$ PPP Loan Information
Lender:THE NATIONAL BANK OF INDIANAPOLIS
Cicoa Aging & In-Home Solution in Indianapolis, IN received a Paycheck Protection Loan of $3.3M through THE NATIONAL BANK OF INDIANAPOLIS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cicoa Aging & In-Home Solution's total 2019 payroll expenses were approximately $15.82M in order to qualify for the PPP loan amount received.
Based on their reported 345 jobs retained, this equals an estimated average yearly compensation of $45,847 per employee1.
Business Information - Cicoa Aging & In-Home Solution in Indianapolis, IN
8440 Woodfield Crossing Boulevard
Indianapolis, IN 46240
Services for the Elderly and Persons with Disabilities (NAICS code 624120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Indianapolis
In the Indianapolis area, 5 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 345) and received an average PPP loan of $1,013,654 (compared to this company's $3.3M).
Similar Nearby Businesses Who Received PPP Funding:
Seeds Of Life Home Base Services LLC
JHS Care Compnay LLC
Industry PPP Comparison Statistics
Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 32 employees, 91% lower than Cicoa Aging & In-Home Solution's reported 345 employees, and received an average PPP loan of $217,933, 93% lower than this company's loan of $3.3M.
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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