PPP Loan Data — Nishida Services Inc, Fishers, IN
Nishida Services Inc is a corporation located at 7340 Crossing Pl, Ste. 100 in Fishers, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,830,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 406 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BMO Harris Bank National Association
Nishida Services Inc in Fishers, IN received a Paycheck Protection Loan of $1.83M through BMO Harris Bank National Association, which was approved in April, 2020.
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, Nishida Services Inc's 2019 payroll expenses are estimated to be at least $8.79M.
Based on their reported 406 jobs retained, this equals an estimated average yearly compensation of $21,641 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nishida Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,830,500
Business Information - Nishida Services Inc in Fishers, IN
7340 Crossing Pl, Ste. 100
Fishers, IN 46038
NAICS code 561720
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fishers
In the Fishers area, 40 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 406) and received an average PPP loan of $86,479 (compared to this company's $1.83M).
Similar Nearby Businesses Who Received PPP Funding:
Dawson Management Group
Brody's Window Bright Inc
Becht Pride Residential Services, LLC
Crown Commercial Cleaning LLC
Valerie C Swift
Brody Window Bright LLC
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Nishida Services Inc's reported 406 employees, and received an average PPP loan of $30,311, 98% lower than this company's loan of $1.83M.
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Footnotes & Information
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