PPP Loan Data — Indianapolis Neurosurgical Group PC, Carmel, IN
Indianapolis Neurosurgical Group PC
Location: Carmel, INTweet This • Search All PPP Data
Indianapolis Neurosurgical Group PC is a corporation located at 13345 Illinois St in Carmel, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,882,500.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:STOCK YARDS BANK & TRUST COMPANY
Indianapolis Neurosurgical Group PC in Carmel, IN received a Paycheck Protection Loan of $3.88M through STOCK YARDS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Indianapolis Neurosurgical Group PC's total 2019 payroll expenses were approximately $18.64M in order to qualify for the PPP loan amount received.
Unlike most businesses, Indianapolis Neurosurgical Group PC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Indianapolis Neurosurgical Group PC in Carmel, IN
13345 Illinois St
Carmel, IN 46032
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Carmel
In the Carmel area, 68 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 0) and received an average PPP loan of $219,145 (compared to this company's $3.88M).
Similar Nearby Businesses Who Received PPP Funding:
Claudia J Somes
Outpatient Integrated Strategies LLC
Vine Healthcare LLC
Williams Healthcare Indy, LLC
Reconstructive Hand To Shoulder Of Indiana LLC
Indianapolis Ophthalmology PC
Smartt Neurology PC
Indiana Spine Group, PC
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.88M.
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!