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PPP Loan Data — Synergy HR LLC, Crown Point, IN

SBA PPP loan data, payroll data, and salaries for Synergy HR LLC
IN

Synergy HR LLC

Entity: Limited Liability Company (LLC)

Industry: Office Administrative Services

Location: Crown Point, IN

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Synergy HR LLC is a limited liability company (LLC) located at 10996 Four Seasons Pl Suite 100a in Crown Point, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,595,085.00 in April, 2020.

The company has reported itself as an Asian owned business, and employed at least 375 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.6M

Jobs Retained:

375

Loan Approved:

2020-04-27

Lender:

HARVEST SMALL BUSINESS FINANCE, LLC

Synergy HR LLC received a Paycheck Protection Loan of $2.6M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, Synergy HR LLC's total 2019 payroll expenses were approximately $12.46M in order to qualify for the PPP loan amount received.

Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $33,217 per employee1.

Because the loan received by Synergy HR LLC 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 - Synergy HR LLC in Crown Point, IN

Synergy HR LLC
10996 Four Seasons Pl Suite 100a
Crown Point, IN 46307

Business Industry

Office Administrative Services (NAICS code 561110)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-01

Industry PPP Comparison Statistics

Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 98% lower than Synergy HR LLC's reported 375 employees, and received an average PPP loan of $95,712, 96% lower than this company's loan of $2.6M.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/synergy-hr-llc-crown-point-in