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PPP Loan Data — Indymodels, LLC, Indianapolis, IN

ALERT: There are 2 PPP loans for a total of $9,575 in our database for businesses with the name "Indymodels, LLC" in Indianapolis, IN. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Indymodels, LLC
IN

Indymodels, LLC

Entity: Limited Liability Company (LLC)

Industry: Temporary Help Services

Location: Indianapolis, IN

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Indymodels, LLC is a limited liability company (LLC) located in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $5,575.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6012628309

Loan Size:

$5,575

Jobs Retained:

1

Loan Approved:

2021-01-26

Loan Status:

Paid in Full or Forgiven

Lender:

The Huntington National Bank

Indymodels, LLC in Indianapolis, IN received a Paycheck Protection Loan of $5,575 through The Huntington National Bank, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Indymodels, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,573

Business Information - Indymodels, LLC in Indianapolis, IN

Indymodels, LLC
Indianapolis, IN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Temporary Help Services
NAICS code 561320

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Marion County, IN — SBA Office 0562 — Congressional District: IN-07

Similar Companies near Indianapolis

In the Indianapolis area, 8 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 1) and received an average PPP loan of $926,602 (compared to this company's $5,575).

Industry PPP Comparison Statistics

Nationwide, 8,904 businesses in the "Temporary Help Services" industry received a total of $3.65B 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 51 employees, 5000% higher than Indymodels, LLC's reported 1 employees, and received an average PPP loan of $409,775, 7250% higher than this company's loan of $5,575.

SBA PPP loan data, payroll data, and salaries for Indymodels, LLC
IN

Indymodels, LLC

Entity: Limited Liability Company (LLC)

Industry: Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures

Location: Indianapolis, IN

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Indymodels, LLC is a limited liability company (LLC) located in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #7038297008

Loan Size:

$4,000

Jobs Retained:

1

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

The Huntington National Bank

Indymodels, LLC in Indianapolis, IN received a Paycheck Protection Loan of $4,000 through The Huntington National Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Indymodels, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,000

Business Information - Indymodels, LLC in Indianapolis, IN

Indymodels, LLC
Indianapolis, IN
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Marion County, IN — SBA Office 0562 — Congressional District: IN-07

Similar Companies near Indianapolis

In the Indianapolis area, 7 businesses in the "Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $52,222 (compared to this company's $4,000).

Industry PPP Comparison Statistics

Nationwide, 17,525 businesses in the "Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures" industry received a total of $576.68M 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 3 employees, 200% higher than Indymodels, LLC's reported 1 employees, and received an average PPP loan of $32,906, 723% higher than this company's loan of $4,000.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/indymodels-llc-indianapolis-in