PPP Loan Data — Somerset CPAS, PC, Indianapolis, IN
Somerset CPAS, PC is a corporation located at 3925 River Crossing Pkwy in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,918,412.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:FIRST MERCHANTS BANK
Somerset CPAS, PC in Indianapolis, IN received a Paycheck Protection Loan of $3.92M through FIRST MERCHANTS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Somerset CPAS, PC's total 2019 payroll expenses were approximately $18.81M in order to qualify for the PPP loan amount received.
Unlike most businesses, Somerset CPAS, PC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Somerset CPAS, PC in Indianapolis, IN
3925 River Crossing Pkwy
Indianapolis, IN 46240
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Indianapolis
In the Indianapolis area, 14 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 0) and received an average PPP loan of $1,013,192 (compared to this company's $3.92M).
Similar Nearby Businesses Who Received PPP Funding:
Sapper & Bates CPAS, LLC
Matthew Winston CPA PC
Moore Accounting, LLC
Wheeler & Associates, PC
Alerding & Co, LLC
LM Henderson & Co LLP
Petrow Kane Leemhuis PC
TMA Small Business Accounting, PC
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 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, and received an average PPP loan of $88,968, 98% lower than this company's loan of $3.92M.
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Footnotes & Information
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