PPP Loan Data — Kids Abilities Indiana Inc, Indianapolis, IN
Kids Abilities Indiana Inc
Location: Indianapolis, INTweet This • Search All PPP Data
Kids Abilities Indiana Inc is a corporation located at 6825 Madison Ave Ste A in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $47,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Old National Bank
Kids Abilities Indiana Inc in Indianapolis, IN received a Paycheck Protection Loan of $47,200 through Old 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 February, 2021.
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, Kids Abilities Indiana Inc's 2019 payroll expenses are estimated to be at least $226,560.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $16,183 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kids Abilities Indiana Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,200
Business Information - Kids Abilities Indiana Inc in Indianapolis, IN
6825 Madison Ave Ste A
Indianapolis, IN 46227
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
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, 2 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 14) and received an average PPP loan of $296,677 (compared to this company's $47,200).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 39,529 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $2.73B 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 8 employees, 43% lower than Kids Abilities Indiana Inc's reported 14 employees, and received an average PPP loan of $69,079, 46% higher than this company's loan of $47,200.
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