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

PPP Loan Data — Stratice Solutions LLC, Carmel, IN

ALERT: There are 2 PPP loans for a total of $303,024 in our database for businesses with the name "Stratice Solutions LLC" in Carmel, IN. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Stratice Solutions LLC
IN

Stratice Solutions LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Other Holding Companies

Location: Carmel, IN

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Stratice Solutions LLC is a limited liability company (LLC) located at 571 Monon Blvd Ste 200 in Carmel, Indiana that received a Coronavirus-related PPP loan from the SBA of $151,512.00 in March, 2021.

$ PPP Loan Information
Loan #5712478504

Loan Size:

$151,512

Jobs Retained:

9

Loan Approved:

2021-03-01

Loan Status:

Paid in Full or Forgiven

Lender:

Community First Bank of Indiana

Stratice Solutions LLC in Carmel, IN received a Paycheck Protection Loan of $151,512 through Community First Bank of Indiana, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2022.

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, Stratice Solutions LLC's 2019 payroll expenses are estimated to be at least $727,258.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $80,806 per employee1

Reported PPP Proceed Usage:

On the PPP application, Stratice Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $151,509
  • Utilities: $1

Business Information - Stratice Solutions LLC in Carmel, IN

Stratice Solutions LLC
571 Monon Blvd Ste 200
Carmel, IN 46032

Business Industry:
Offices of Other Holding Companies
NAICS code 551112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

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

Similar Companies near Carmel

In the Carmel area, 7 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 9) and received an average PPP loan of $115,790 (compared to this company's $151,512).

Industry PPP Comparison Statistics

Nationwide, 12,403 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, 44% higher than Stratice Solutions LLC's reported 9 employees, and received an average PPP loan of $125,442, 17% lower than this company's loan of $151,512.

SBA PPP loan data, payroll data, and salaries for Stratice Solutions, LLC
IN

Stratice Solutions, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Ambulatory Health Care Services

Location: Carmel, IN

Search All PPP Data

Stratice Solutions, LLC is a limited liability company (LLC) located at 570 Monon Blvd. Suite 200 in Carmel, Indiana that received a Coronavirus-related PPP loan from the SBA of $151,512.00 in April, 2020.

$ PPP Loan Information
Loan #7977017003

Loan Size:

$151,512

Jobs Retained:

10

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

First Merchants Bank

Stratice Solutions, LLC in Carmel, IN received a Paycheck Protection Loan of $151,512 through First Merchants Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.

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, Stratice Solutions, LLC's 2019 payroll expenses are estimated to be at least $727,258.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $72,726 per employee1

Reported PPP Proceed Usage:

On the PPP application, Stratice Solutions, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $151,512

Business Information - Stratice Solutions, LLC in Carmel, IN

Stratice Solutions, LLC
570 Monon Blvd. Suite 200
Carmel, IN 46032

Business Industry:
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

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

Similar Companies near Carmel

In the Carmel area, 13 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 10) and received an average PPP loan of $263,580 (compared to this company's $151,512).

Industry PPP Comparison Statistics

Nationwide, 18,445 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 20% higher than Stratice Solutions, LLC's reported 10 employees, and received an average PPP loan of $89,298, 41% lower than this company's loan of $151,512.

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.


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Source: www.federalpay.org/paycheck-protection-program/stratice-solutions-llc-carmel-in