PPP Loan Data — SH Staffing LLC, Indianapolis, IN
SH Staffing LLC is a limited liability company (LLC) located at 9333 N Meridian St Ste 203 in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021. This business is a Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The National Bank of Indianapolis
SH Staffing LLC in Indianapolis, IN received a Paycheck Protection Loan of $2M through The National Bank of Indianapolis, which was approved in January, 2021.
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, SH Staffing LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $71,642 per employee1
Reported PPP Proceed Usage:
On the PPP application, SH Staffing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - SH Staffing LLC in Indianapolis, IN
9333 N Meridian St Ste 203
Indianapolis, IN 46260
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Indianapolis
In the Indianapolis area, 5 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 134) and received an average PPP loan of $478,259 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Schenectady Hotel, LLC
State Street Hotel, LLC
GNS Hotel, Inc
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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 23 employees, 83% lower than SH Staffing LLC's reported 134 employees, and received an average PPP loan of $168,829, 92% lower than this company's loan of $2M.
FederalPay's PPP Information Policy
Footnotes & Information
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