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PPP Loan Data — Neff Group Distributors Inc, Fort Wayne, IN

SBA PPP loan data, payroll data, and salaries for Neff Group Distributors Inc

Neff Group Distributors Inc

Entity: Subchapter S Corporation

Industry: Industrial Machinery and Equipment Merchant Wholesalers

Location: Fort Wayne, IN

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Neff Group Distributors Inc is a subchapter s corporation located at 7114 Innovation Blvd in Fort Wayne, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,629,825.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Neff Group Distributors Inc received a Paycheck Protection Loan of $3.63M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Neff Group Distributors Inc's total 2019 payroll expenses were approximately $17.42M in order to qualify for the PPP loan amount received.

Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $93,172 per employee1.

Because the loan received by Neff Group Distributors 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 - Neff Group Distributors Inc in Fort Wayne, IN

Neff Group Distributors Inc
7114 Innovation Blvd
Fort Wayne, IN 46818

Business Industry

Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-03

Similar Companies near Fort Wayne

In the Fort Wayne area, 2 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 187) and received an average PPP loan of $2,072,555 (compared to this company's $3.63M).

Similar Nearby Businesses Who Received PPP Funding:

Clarke Industrial Systems
Fort Wayne, IN

$515,285 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 92% lower than Neff Group Distributors Inc's reported 187 employees, and received an average PPP loan of $234,110, 94% lower than this company's loan of $3.63M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **