PPP Loan Data — Scale Computing, Inc., Indianapolis, IN
Scale Computing, Inc. is a corporation located at 525 S Merdian Street in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,781,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 141 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITIZENS STATE BANK OF NEW CASTLE
Scale Computing, Inc. received a Paycheck Protection Loan of $2.78M through CITIZENS STATE BANK OF NEW CASTLE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Scale Computing, Inc.'s total 2019 payroll expenses were approximately $13.35M in order to qualify for the PPP loan amount received.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $94,703 per employee1.
Business Information - Scale Computing, Inc. in Indianapolis, IN
525 S Merdian Street
Indianapolis, IN 46225
Electronics Stores (NAICS code 443142)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IN-07
Similar Companies near Indianapolis
In the Indianapolis area, 3 businesses in the "Electronics Stores" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 141) and received an average PPP loan of $1,075,636 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Logical Concepts, Inc.
Industry PPP Comparison Statistics
Nationwide, 7,570 businesses in the "Electronics Stores" industry received a total of $593,424,720.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 94% lower than Scale Computing, Inc.'s reported 141 employees, and received an average PPP loan of $78,392, 97% lower than this company's loan of $2.78M.
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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