PPP Loan Data — Shift Development Group LLC, Indianapolis, IN
Shift Development Group LLC is a limited liability company (LLC) located at 2647 Lullwater Ln in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,007.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Shift Development Group LLC in Indianapolis, IN received a Paycheck Protection Loan of $25,007 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, Shift Development Group LLC's 2019 payroll expenses are estimated to be at least $120,034.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,011 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shift Development Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,607
- Utilities: $1,600
- Rent: $1,800
Business Information - Shift Development Group LLC in Indianapolis, IN
2647 Lullwater Ln
Indianapolis, IN 46229
NAICS code 237210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,596 businesses in the "Land Subdivision" industry received a total of $468.09M 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 10 employees, 233% higher than Shift Development Group LLC's reported 3 employees, and received an average PPP loan of $101,846, 307% higher than this company's loan of $25,007.
FederalPay's PPP Information Policy
Footnotes & Information
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