PPP Loan Data — Rick's Tennis, Basketball Courts, Inc, Indianapolis, IN
Rick's Tennis, Basketball Courts, Inc is a corporation located at 5320 Commerce Cir in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Rick's Tennis, Basketball Courts, Inc in Indianapolis, IN received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Rick's Tennis, Basketball Courts, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rick's Tennis, Basketball Courts, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,942
- Utilities: $2,058
Business Information - Rick's Tennis, Basketball Courts, Inc in Indianapolis, IN
5320 Commerce Cir
Indianapolis, IN 46237
Other Heavy and Civil Engineering Construction
NAICS code 237990
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,233 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 240% higher than Rick's Tennis, Basketball Courts, Inc's reported 5 employees, and received an average PPP loan of $234,414, 838% higher than this company's loan of $25,000.
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Footnotes & Information
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