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PPP Loan Data — Safety Management Group Of Indiana, Inc.,
Indianapolis, IN
Safety Management Group Of Indiana, Inc.
Entity: Limited Liability Company (LLC)
Industry: All Other Professional, Scientific, and Technical Services
Location: Indianapolis, IN
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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
Loan Size:
Jobs Retained:
207Loan Approved:
2020-04-16Lender:
FIFTH THIRD BANKSafety 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
Business Industry
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IN-05Similar 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).
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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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