PPP Loan Data — PMG Indiana, Columbus, IN
PMG Indiana is a limited liability company (LLC) located at 1751 Arcadia Dr in Columbus, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,811,815.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:German American Bank
PMG Indiana in Columbus, IN received a Paycheck Protection Loan of $2.81M through German American Bank, 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, PMG Indiana's 2019 payroll expenses are estimated to be at least $13.5M.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $66,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, PMG Indiana reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,811,815
Business Information - PMG Indiana in Columbus, IN
1751 Arcadia Dr
Columbus, IN 47201
Powder Metallurgy Part Manufacturing
NAICS code 332117
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 239 businesses in the "Powder Metallurgy Part Manufacturing" industry received a total of $110.54M 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 42 employees, 79% lower than PMG Indiana's reported 204 employees, and received an average PPP loan of $462,520, 84% lower than this company's loan of $2.81M.
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Footnotes & Information
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