PPP Loan Data — Wheeler Mission Minstries Inc, Indianapolis, IN
Wheeler Mission Minstries Inc is a non-profit organization located at 205 East New York Street in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,531,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
Wheeler Mission Minstries Inc in Indianapolis, IN received a Paycheck Protection Loan of $1.53M through The Huntington National 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 May, 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, Wheeler Mission Minstries Inc's 2019 payroll expenses are estimated to be at least $7.35M.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $40,835 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wheeler Mission Minstries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,531,300
Business Information - Wheeler Mission Minstries Inc in Indianapolis, IN
205 East New York Street
Indianapolis, IN 46204
Other Social Advocacy Organizations
NAICS code 813319
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Indianapolis
In the Indianapolis area, 9 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 180) and received an average PPP loan of $230,344 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
Indiana Bicycle Coalition Inc
Fair Housing Center Of Central Indiana Inc
Indy Public Safety Foundation, Inc
Indiana Statewide Independent Living Council Inc
Martin Center Inc
Industry PPP Comparison Statistics
Nationwide, 9,921 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B 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 16 employees, 91% lower than Wheeler Mission Minstries Inc's reported 180 employees, and received an average PPP loan of $144,360, 91% lower than this company's loan of $1.53M.
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Footnotes & Information
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