PPP Loan Data — Neff Group Distributors Inc, Fort Wayne, IN
Neff Group Distributors Inc
Entity: Subchapter S Corporation
Location: Fort Wayne, INTweet This • Search All PPP Data
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
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
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.
Business Information - Neff Group Distributors Inc in Fort Wayne, IN
7114 Innovation Blvd
Fort Wayne, IN 46818
Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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