PPP Loan Data — Walkerhughes Group, LLC, Carmel, IN
Walkerhughes Group, LLC
Entity: Limited Liability Company (LLC)
Location: Carmel, INTweet This • Search All PPP Data
Walkerhughes Group, LLC is a limited liability company (LLC) located at 360 Gradle Dr in Carmel, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,770,833.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Farmers Bank & Trust Co.
Walkerhughes Group, LLC in Carmel, IN received a Paycheck Protection Loan of $1.77M through First Farmers Bank & Trust Co., 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 January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Walkerhughes Group, LLC's 2019 payroll expenses are estimated to be at least $8.5M.
Based on their reported 114 jobs retained, this equals an estimated average yearly compensation of $74,561 per employee1
Reported PPP Proceed Usage:
On the PPP application, Walkerhughes Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,770,833
Business Information - Walkerhughes Group, LLC in Carmel, IN
360 Gradle Dr
Carmel, IN 46032
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Carmel
In the Carmel area, 15 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 114) and received an average PPP loan of $145,871 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
HX And Associates, LLC
C & C Realty Company LLC
MEM Real Estate, LLC
Second Time Around Inc
Grise Home And Property Group LLC
Sunstone Construction Company, LLC
Magnolia Weddings & Events LLC
Hashtag Properties, LLC
Industry PPP Comparison Statistics
Nationwide, 19,255 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.72B 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 10 employees, 91% lower than Walkerhughes Group, LLC's reported 114 employees, and received an average PPP loan of $89,367, 95% lower than this company's loan of $1.77M.
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Footnotes & Information
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