PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Soul Provider, Inc, Westfield, IN

SBA PPP loan data, payroll data, and salaries for Soul Provider, Inc

Soul Provider, Inc

Entity: Subchapter S Corporation

Industry: Offices of Other Holding Companies

Location: Westfield, IN

Search All PPP Data

Soul Provider, Inc is a subchapter s corporation located at 17397 Oak Ridge Road in Westfield, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,357,900.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 173 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4316587107

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


KeyBank National Association

Soul Provider, Inc in Westfield, IN received a Paycheck Protection Loan of $2.36M through KeyBank National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Soul Provider, Inc's 2019 payroll expenses are estimated to be at least $11.32M.

Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $65,422 per employee1

Reported PPP Proceed Usage:

On the PPP application, Soul Provider, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,357,900
Because the loan received by Soul Provider, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Soul Provider, Inc in Westfield, IN

Soul Provider, Inc
17397 Oak Ridge Road
Westfield, IN 46074

Business Industry:
Offices of Other Holding Companies
NAICS code 551112

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hamilton County, IN — SBA Office 0562 — Congressional District: IN-05

Similar Companies near Westfield

In the Westfield area, 2 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 173) and received an average PPP loan of $1,185,384 (compared to this company's $2.36M).

Similar Nearby Businesses Who Received PPP Funding:

Matthew Conrad
Carmel, IN

$12,867 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 12,536 businesses in the "Offices of Other Holding Companies" industry received a total of $1.56B 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 13 employees, 92% lower than Soul Provider, Inc's reported 173 employees, and received an average PPP loan of $124,396, 95% lower than this company's loan of $2.36M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.

Have's open data tools been valuable? Consider donating!

** This Document Provided By - The Civil Employee's Resource **