PPP Loan Data — Hardingpoorman Group, Inc, Indianapolis, IN
Hardingpoorman Group, Inc is a corporation located at 4923 West 78th Street in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,912,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 116 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The National Bank of Indianapolis
Hardingpoorman Group, Inc in Indianapolis, IN received a Paycheck Protection Loan of $1.91M through The National Bank of Indianapolis, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, Hardingpoorman Group, Inc's 2019 payroll expenses are estimated to be at least $9.18M.
Based on their reported 116 jobs retained, this equals an estimated average yearly compensation of $79,130 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hardingpoorman Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,912,300
Business Information - Hardingpoorman Group, Inc in Indianapolis, IN
4923 West 78th Street
Indianapolis, IN 46268
Commercial Printing (except Screen and Books)
NAICS code 323111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Indianapolis
In the Indianapolis area, 11 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 116) and received an average PPP loan of $603,432 (compared to this company's $1.91M).
Similar Nearby Businesses Who Received PPP Funding:
Printing Technologies, Inc
Dynamark Graphics Group, Inc
Fineline Graphics Incorporated
Smitson Communications Group LLC
DBC Imaging Inc
Industry PPP Comparison Statistics
Nationwide, 23,988 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B 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 12 employees, 90% lower than Hardingpoorman Group, Inc's reported 116 employees, and received an average PPP loan of $128,160, 93% lower than this company's loan of $1.91M.
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Footnotes & Information
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