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PPP Loan Data — Horner Electric, Inc., Indianapolis, IN

SBA PPP loan data, payroll data, and salaries for Horner Electric, Inc.

Horner Electric, Inc.

Entity: Subchapter S Corporation

Industry: Relay and Industrial Control Manufacturing

Location: Indianapolis, IN

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Horner Electric, Inc. is a subchapter s corporation located at 1521 E Washington St in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,126,927.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 255 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Horner Electric, Inc. in Indianapolis, IN received a Paycheck Protection Loan of $3.13M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Horner Electric, Inc.'s total 2019 payroll expenses were approximately $15.01M in order to qualify for the PPP loan amount received.

Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $58,860 per employee1.

Because the loan received by Horner Electric, 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 - Horner Electric, Inc. in Indianapolis, IN

Horner Electric, Inc.
1521 E Washington St
Indianapolis, IN 46201

Business Industry

Relay and Industrial Control Manufacturing (NAICS code 335314)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: Unreported

Congressional District: IN-07

Similar Companies near Indianapolis

In the Indianapolis area, 2 businesses in the "Relay and Industrial Control Manufacturing" industry received a PPP loan. These local businesses reported an average of 165 employees (compared to this company's 255) and received an average PPP loan of $1,936,285 (compared to this company's $3.13M).

Similar Nearby Businesses Who Received PPP Funding:

Horner Apg, LLC
Indianapolis, IN

$745,642 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 391 businesses in the "Relay and Industrial Control Manufacturing" industry received a total of $127,685,245.00 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 22 employees, 91% lower than Horner Electric, Inc.'s reported 255 employees, and received an average PPP loan of $326,561, 90% lower than this company's loan of $3.13M.

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.

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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 - The Civil Employee's Resource **