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PPP Loan Data — Interactive Solutions LLC,
Lafayette, IN
Interactive Solutions LLC
Entity: Limited Liability Company (LLC)
Industry: New Single-Family Housing Construction (except For-Sale Builders)
Location: Lafayette, IN
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Interactive Solutions LLC is a limited liability company (LLC) located in Lafayette, Indiana that received a Coronavirus-related PPP loan from the SBA of $11,905.00 in March, 2021.
$
PPP Loan Information
Loan #3190438604
Loan Size:
Jobs Retained:
1Loan Approved:
2021-03-16Loan Status:
Ongoing LoanLender:
Customers BankInteractive Solutions LLC in Lafayette, IN received a Paycheck Protection Loan of $11,905 through Customers Bank, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Reported PPP Proceed Usage:
On the PPP application, Interactive Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $11,905
Business Information - Interactive Solutions LLC in Lafayette, IN
Lafayette, IN
* Full address is redacted to protect the privacy of individuals.
Business Industry:
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Lafayette
In the Lafayette area, 33 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $63,989 (compared to this company's $11,905).
Similar Nearby Businesses Who Received PPP Funding:
Torin Herbert
Lafayette, IN
Josue Mars
Lafayette, IN
Henry Ervin
Lafayette, IN
Bender Construction Company, Inc
Lafayette, IN
Fitzpatrick & Associates Inc
West Lafayette, IN
Demitri Jackson
Lafayette, IN
Flint Run Custom Builders Inc
West Lafayette, IN
David Watkins Homes Inc
Lafayette, IN
Gipson Homes LLC
West Lafayette, IN
Industry PPP Comparison Statistics
Nationwide, 125,433 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.71B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 400% higher than Interactive Solutions LLC's reported 1 employees, and received an average PPP loan of $45,486, 282% higher than this company's loan of $11,905.
Interactive Solutions LLC
Entity: Limited Liability Company (LLC)
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Lafayette, IN
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Interactive Solutions LLC is a limited liability company (LLC) located in Lafayette, Indiana that received a Coronavirus-related PPP loan from the SBA of $10,000.00 in April, 2020.
$
PPP Loan Information
Loan #4600117310
Loan Size:
Jobs Retained:
1Loan Approved:
2020-04-29Loan Status:
Paid in Full or ForgivenLender:
WebBankInteractive Solutions LLC in Lafayette, IN received a Paycheck Protection Loan of $10,000 through WebBank, 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 August, 2021.
Reported PPP Proceed Usage:
On the PPP application, Interactive Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,000
Business Information - Interactive Solutions LLC in Lafayette, IN
Lafayette, IN
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Lafayette
In the Lafayette area, 16 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $116,915 (compared to this company's $10,000).
Similar Nearby Businesses Who Received PPP Funding:
Brand Electric, Inc
Lafayette, IN
Industrial Electrical Systems Inc
Lafayette, IN
M.p. Baker Electric Inc
Lafayette, IN
Gabriel Baker
West Lafayette, IN
Artisan Electric LLC
Lafayette, IN
Brummet Electric LLC
West Lafayette, IN
BA Solutions LLC
Lafayette, IN
3H Electric LLC
West Lafayette, IN
Industry PPP Comparison Statistics
Nationwide, 81,495 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.75B 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 11 employees, 1000% higher than Interactive Solutions LLC's reported 1 employees, and received an average PPP loan of $144,173, 1342% higher than this company's loan of $10,000.
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.
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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