PPP Loan Data — Huse Culinary Inc, Indianapolis, IN
Huse Culinary Inc is a subchapter s corporation located at 101 W Washington St Ste 1250e in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $6,384,000.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Huse Culinary Inc in Indianapolis, IN received a Paycheck Protection Loan of $6.38M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Huse Culinary Inc's total 2019 payroll expenses were approximately $30.64M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $61,286 per employee1.
Business Information - Huse Culinary Inc in Indianapolis, IN
101 W Washington St Ste 1250e
Indianapolis, IN 46204
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-07
Similar Companies near Indianapolis
In the Indianapolis area, 68 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 500) and received an average PPP loan of $247,578 (compared to this company's $6.38M).
Similar Nearby Businesses Who Received PPP Funding:
Michael's Soul Kitchen LLC
China King II Inc
Thai Paradise LLC
Pearl Street Entertainment Group LLC
La Revolucion LLC
MUG O Inc.
Meatballs Seven, LLC
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Huse Culinary Inc's reported 500 employees, and received an average PPP loan of $116,685, 98% lower than this company's loan of $6.38M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!