PPP Loan Data — Indianapolis Museum Of Art, Inc., Indianapolis, IN
Indianapolis Museum Of Art, Inc. is a non-profit organization located at 4000 Michigan Rd in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,878,500.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Indianapolis Museum Of Art, Inc. in Indianapolis, IN received a Paycheck Protection Loan of $2.88M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Indianapolis Museum Of Art, Inc.'s total 2019 payroll expenses were approximately $13.82M in order to qualify for the PPP loan amount received.
Based on their reported 273 jobs retained, this equals an estimated average yearly compensation of $50,611 per employee1.
Business Information - Indianapolis Museum Of Art, Inc. in Indianapolis, IN
4000 Michigan Rd
Indianapolis, IN 46208
Museums (NAICS code 712110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-07
Similar Companies near Indianapolis
In the Indianapolis area, 3 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 254 employees (compared to this company's 273) and received an average PPP loan of $2,769,287 (compared to this company's $2.88M).
Similar Nearby Businesses Who Received PPP Funding:
The Children's Museum Of Indianapolis, Inc.
United Way Of Central Indiana Inc
Industry PPP Comparison Statistics
Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 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 16 employees, 94% lower than Indianapolis Museum Of Art, Inc.'s reported 273 employees, and received an average PPP loan of $162,172, 94% lower than this company's loan of $2.88M.
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Footnotes & Information
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