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PPP Loan Data — Holladay Property Services Midwest, Inc., South Bend, IN

SBA PPP loan data, payroll data, and salaries for Holladay Property Services Midwest, Inc.
IN

Holladay Property Services Midwest, Inc.

Entity: Subchapter S Corporation

Industry: Other Activities Related to Real Estate

Location: South Bend, IN

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Holladay Property Services Midwest, Inc. is a subchapter s corporation located at 3454 Douglas Rd in South Bend, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,333,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.33M

Jobs Retained:

246

Loan Approved:

2020-04-06

Lender:

CENTIER BANK

Holladay Property Services Midwest, Inc. in South Bend, IN received a Paycheck Protection Loan of $4.33M through CENTIER BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Holladay Property Services Midwest, Inc.'s total 2019 payroll expenses were approximately $20.8M in order to qualify for the PPP loan amount received.

Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $84,548 per employee1.

Because the loan received by Holladay Property Services Midwest, Inc. 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 - Holladay Property Services Midwest, Inc. in South Bend, IN

Holladay Property Services Midwest, Inc.
3454 Douglas Rd
South Bend, IN 46635

Business Industry

Other Activities Related to Real Estate (NAICS code 531390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-02

Industry PPP Comparison Statistics

Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 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 Holladay Property Services Midwest, Inc.'s reported 246 employees, and received an average PPP loan of $62,929, 99% lower than this company's loan of $4.33M.

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.

Search FederalPay's Full PPP Loan Database

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/holladay-property-services-midwest-inc-south-bend-in