PPP Loan Data — Individual Support Services Inc, Daleville, IN
Individual Support Services Inc is a subchapter s corporation located at 12501 S County Road 500 W in Daleville, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,402,167.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Individual Support Services Inc in Daleville, IN received a Paycheck Protection Loan of $2.4M through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Individual Support Services Inc's 2019 payroll expenses are estimated to be at least $11.53M.
Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $23,628 per employee1
Reported PPP Proceed Usage:
On the PPP application, Individual Support Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,183,156
- Utilities: $20,306
- Rent: $34,437
- Health Care: $164,268
Business Information - Individual Support Services Inc in Daleville, IN
12501 S County Road 500 W
Daleville, IN 47334
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 15 employees, 97% lower than Individual Support Services Inc's reported 488 employees, and received an average PPP loan of $83,373, 97% lower than this company's loan of $2.4M.
FederalPay's PPP Information Policy
Footnotes & Information
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