PPP Loan Data — Interior Specialties, Inc, Indianapolis, IN
Interior Specialties, Inc is a corporation located at 7215 East Thompson Road in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,252,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Interior Specialties, Inc in Indianapolis, IN received a Paycheck Protection Loan of $2.25M through Horizon Bank, which was approved in April, 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, Interior Specialties, Inc's 2019 payroll expenses are estimated to be at least $10.81M.
Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $35,104 per employee1
Reported PPP Proceed Usage:
On the PPP application, Interior Specialties, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,252,500
Business Information - Interior Specialties, Inc in Indianapolis, IN
7215 East Thompson Road
Indianapolis, IN 46239
Drywall and Insulation Contractors
NAICS code 238310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Indianapolis
In the Indianapolis area, 3 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 308) and received an average PPP loan of $864,800 (compared to this company's $2.25M).
Similar Nearby Businesses Who Received PPP Funding:
Acoustics Plus, Inc
Robertson Drywall, Inc
Industry PPP Comparison Statistics
Nationwide, 18,888 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.43B 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, 96% lower than Interior Specialties, Inc's reported 308 employees, and received an average PPP loan of $128,649, 94% lower than this company's loan of $2.25M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!