PPP Loan Data — Ipro Bookkeeping, Louisville, KY
Ipro Bookkeeping is a sole proprietorship located at 737 S 3rd St in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,465,100.00 in April, 2020.
$ PPP Loan Information
Lender:REPUBLIC BANK & TRUST COMPANY
Ipro Bookkeeping received a Paycheck Protection Loan of $2.47M through REPUBLIC BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ipro Bookkeeping's total 2019 payroll expenses were approximately $11.83M in order to qualify for the PPP loan amount received.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $94,660 per employee1.
Business Information - Ipro Bookkeeping in Louisville, KY
737 S 3rd St
Louisville, KY 40202
Architectural Services (NAICS code 541310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-03
Similar Companies near Louisville
In the Louisville area, 9 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 125) and received an average PPP loan of $420,447 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Stengel Hill Architecture Inc
Voelker Blackburn Niehoff Arcitects, Inc
K Norman Berry Associates, Architects, PLLC
DE Leon & Primmer Architecture Workshop PLLC
Potter & Associates Architects, PLLC
Forza Architecture, Inc.
Tucker & Booker, Inc.
Architectural Investments, Inc.
Industry PPP Comparison Statistics
Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 94% lower than Ipro Bookkeeping's reported 125 employees, and received an average PPP loan of $149,750, 94% lower than this company's loan of $2.47M.
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.
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.
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