PPP Loan Data — Mark Schlafer DBA None, Noblesville, IN
Mark Schlafer DBA None is a sole proprietorship located in Noblesville, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Mark Schlafer DBA None in Noblesville, IN received a Paycheck Protection Loan of $25,000 through Fifth Third Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Mark Schlafer DBA None reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Mark Schlafer DBA None in Noblesville, IN
* Full address is redacted to protect the privacy of individuals.
NAICS code 523930
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Noblesville
In the Noblesville area, 6 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $20,089 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Doak Financial, LLC
Evia Investment Advisors LLC
Hamilton Financial Group
Miracle Insurance Source, Inc
Industry PPP Comparison Statistics
Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B 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 4 employees, 300% higher than Mark Schlafer DBA None's reported 1 employees, and received an average PPP loan of $44,994, 80% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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