PPP Loan Data — Safety Management Group Of Indiana, Inc., Indianapolis, IN
Safety Management Group Of Indiana, Inc.
Entity: Limited Liability Company (LLC)
Location: Indianapolis, INTweet This • Search All PPP Data
Safety Management Group Of Indiana, Inc. is a limited liability company (LLC) located at 8335 Keystone Crossing in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,829,458.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Safety Management Group Of Indiana, Inc. received a Paycheck Protection Loan of $3.83M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Safety Management Group Of Indiana, Inc.'s total 2019 payroll expenses were approximately $18.38M in order to qualify for the PPP loan amount received.
Based on their reported 207 jobs retained, this equals an estimated average yearly compensation of $88,799 per employee1.
Business Information - Safety Management Group Of Indiana, Inc. in Indianapolis, IN
8335 Keystone Crossing
Indianapolis, IN 46240
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Indianapolis
In the Indianapolis area, 18 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 207) and received an average PPP loan of $317,291 (compared to this company's $3.83M).
Similar Nearby Businesses Who Received PPP Funding:
Carrie A Fazio DBA Bellezza Enterprises LLC
Concentrics Research LLC
NVS Design Inc
Marlene's Designs, LLC
Callihan Contracting & Design LLC
Jennifer L Boylan
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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 6 employees, 97% lower than Safety Management Group Of Indiana, Inc.'s reported 207 employees, and received an average PPP loan of $74,488, 98% lower than this company's loan of $3.83M.
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.
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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