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PPP Loan Data — Dienen, Inc. Employee Stock Ownership Plan & Trust, South Bend, IN

SBA PPP loan data, payroll data, and salaries for Dienen, Inc. Employee Stock Ownership Plan & Trust
IN

Dienen, Inc. Employee Stock Ownership Plan & Trust

Entity: Employee Stock Ownership Plan (esop)

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: South Bend, IN

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Dienen, Inc. Employee Stock Ownership Plan & Trust is an employee stock ownership plan (esop) located at 17530 Dugdale Dr in South Bend, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,587,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.59M

Jobs Retained:

204

Loan Approved:

2020-04-10

Lender:

OLD NATIONAL BANK

Dienen, Inc. Employee Stock Ownership Plan & Trust received a Paycheck Protection Loan of $2.59M through OLD NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dienen, Inc. Employee Stock Ownership Plan & Trust's total 2019 payroll expenses were approximately $12.42M in order to qualify for the PPP loan amount received.

Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $60,878 per employee1.

Because the loan received by Dienen, Inc. Employee Stock Ownership Plan & Trust 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 - Dienen, Inc. Employee Stock Ownership Plan & Trust in South Bend, IN

Dienen, Inc. Employee Stock Ownership Plan & Trust
17530 Dugdale Dr
South Bend, IN 46635

Business Industry

Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-02

Industry PPP Comparison Statistics

Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Dienen, Inc. Employee Stock Ownership Plan & Trust's reported 204 employees, and received an average PPP loan of $52,032, 98% lower than this company's loan of $2.59M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/dienen-inc-employee-stock-ownership-plan-and-trust-south-bend-in