PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated September 30, 2023)

PPP Loan Data — Markey's Audio-Visual, Inc, Indianapolis, IN

SBA PPP loan data, payroll data, and salaries for Markey's Audio-Visual, Inc

Markey's Audio-Visual, Inc

Entity: Employee Stock Ownership Plan(esop)

Industry: Other Commercial and Industrial Machinery and Equipment Rental and Leasing

Location: Indianapolis, IN

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Markey's Audio-Visual, Inc is an employee stock ownership plan(esop) located at 2365 Enterprise Park Pl in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,759,000.00 in April, 2020.

$ PPP Loan Information
Loan #1883407102

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Old National Bank

Markey's Audio-Visual, Inc in Indianapolis, IN received a Paycheck Protection Loan of $3.76M 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Markey's Audio-Visual, Inc's 2019 payroll expenses are estimated to be at least $18.04M.

Based on their reported 477 jobs retained, this equals an estimated average yearly compensation of $37,826 per employee1

Reported PPP Proceed Usage:

On the PPP application, Markey's Audio-Visual, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,759,000
Because the loan received by Markey's Audio-Visual, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Markey's Audio-Visual, Inc in Indianapolis, IN

Markey's Audio-Visual, Inc
2365 Enterprise Park Pl
Indianapolis, IN 46218

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: Y

Rural / Urban: Urban

Marion County, IN — SBA Office 0562 — Congressional District: IN-07

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Markey's Audio-Visual, Inc.

Markey's Audio/Visual Inc
Other Commercial and Industrial Machinery and Equipment Rental and Leasing

$2M PPP Loan

Similar Companies near Indianapolis

In the Indianapolis area, 7 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 477) and received an average PPP loan of $850,464 (compared to this company's $3.76M).

Industry PPP Comparison Statistics

Nationwide, 6,962 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a total of $1.01B 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 12 employees, 97% lower than Markey's Audio-Visual, Inc's reported 477 employees, and received an average PPP loan of $144,808, 96% lower than this company's loan of $3.76M.

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.

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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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