PPP Loan Data — Horner Electric, Inc., Indianapolis, IN
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
Lender:THE HUNTINGTON NATIONAL BANK
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.
Business Information - Horner Electric, Inc. in Indianapolis, IN
1521 E Washington St
Indianapolis, IN 46201
Relay and Industrial Control Manufacturing (NAICS code 335314)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional 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
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.
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