PPP Loan Data — Solution Tree, Inc., Bloomington, IN
Solution Tree, Inc. is a subchapter s corporation located at 555 North Morton Street in Bloomington, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,361,000.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST FINANCIAL BANK
Solution Tree, Inc. received a Paycheck Protection Loan of $3.36M through FIRST FINANCIAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Solution Tree, Inc.'s total 2019 payroll expenses were approximately $16.13M in order to qualify for the PPP loan amount received.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $72,999 per employee1.
Business Information - Solution Tree, Inc. in Bloomington, IN
555 North Morton Street
Bloomington, IN 47404
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-09
Similar Companies near Bloomington
In the Bloomington area, 2 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 147 employees (compared to this company's 221) and received an average PPP loan of $1,806,000 (compared to this company's $3.36M).
Similar Nearby Businesses Who Received PPP Funding:
Lighthouse Christian Academy Inc
Industry PPP Comparison Statistics
Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 83% lower than Solution Tree, Inc.'s reported 221 employees, and received an average PPP loan of $379,166, 89% lower than this company's loan of $3.36M.
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Footnotes & Information
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