PPP Loan Data — Indiana Furniture Industries, Inc., Jasper, IN
Indiana Furniture Industries, Inc. is a sole proprietorship located at 1224 Mill Street in Jasper, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,226,500.00 in April, 2020.
$ PPP Loan Information
Lender:GERMAN AMERICAN BANK
Indiana Furniture Industries, Inc. in Jasper, IN received a Paycheck Protection Loan of $3.23M through GERMAN AMERICAN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Indiana Furniture Industries, Inc.'s total 2019 payroll expenses were approximately $15.49M in order to qualify for the PPP loan amount received.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $62,198 per employee1.
Business Information - Indiana Furniture Industries, Inc. in Jasper, IN
1224 Mill Street
Jasper, IN 47546
Wood Office Furniture Manufacturing (NAICS code 337211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-08
Industry PPP Comparison Statistics
Nationwide, 424 businesses in the "Wood Office Furniture Manufacturing" industry received a total of $106,682,060.00 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 21 employees, 92% lower than Indiana Furniture Industries, Inc.'s reported 249 employees, and received an average PPP loan of $251,609, 92% lower than this company's loan of $3.23M.
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Footnotes & Information
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