PPP Loan Data — Code Red Safety & Rental, LLC, Hammond, IN
Code Red Safety & Rental, LLC is a limited liability company (LLC) located at 6205 Indianapolis Blvd in Hammond, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,152,500.00 in April, 2020.
$ PPP Loan Information
Lender:CADENCE BANK, NATIONAL ASSOCIATION
Code Red Safety & Rental, LLC received a Paycheck Protection Loan of $3.15M through CADENCE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Code Red Safety & Rental, LLC's total 2019 payroll expenses were approximately $15.13M in order to qualify for the PPP loan amount received.
Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $71,716 per employee1.
Business Information - Code Red Safety & Rental, LLC in Hammond, IN
6205 Indianapolis Blvd
Hammond, IN 46320
All Other Miscellaneous Waste Management Services (NAICS code 562998)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-01
Similar Companies near Hammond
In the Hammond area, 2 businesses in the "All Other Miscellaneous Waste Management Services" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 211) and received an average PPP loan of $2,014,550 (compared to this company's $3.15M).
Similar Nearby Businesses Who Received PPP Funding:
T.C. Transport Inc.
Industry PPP Comparison Statistics
Nationwide, 1,932 businesses in the "All Other Miscellaneous Waste Management Services" industry received a total of $234,738,876.00 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 11 employees, 95% lower than Code Red Safety & Rental, LLC's reported 211 employees, and received an average PPP loan of $121,500, 96% lower than this company's loan of $3.15M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!