Who got PPP money in Indiana?

Advanced PPP Loan Search By FederalPay.org

Company Name City PPP Loan
Miller-Eads Co Inc INDIANAPOLIS $4,916,500
WCA Group, LLC CARMEL $4,972,495
Buchanan Hauling & Rigging, Inc FORT WAYNE $4,975,915
Ryan Fireprotection, Inc NOBLESVILLE $4,987,500

Is the PPP money still available?

An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness.

Who qualifies for 3rd round PPP?

PPP Round 3 Eligibile Entities News organizations that are majority-owned or controlled by a NAICS code 511110 or 5151 business or a nonprofit public broadcasting entity with a trade or business under NAICS 511110 or 5151 with 500 or fewer employees.

Does PPP have to be paid back?

Yes. PPP loans (the full principal amount and any accrued interest) may be fully forgiven, meaning they do not have to be repaid. If you do not apply for forgiveness, you will have to repay the loan.

Who got PPP loans in Gary Indiana?

PPP Loans in Gary, IN

Borrower City Amount
$1,063,700.00 Gary, IN Indiana Sugars, Inc. Cane Sugar Manufacturing Gary, IN $1,063,700.00
$1,040,000.00 Gary, IN Chicago Steel Holdings, Llc Iron and Steel Mills and Ferroalloy Manufacturing Gary, IN $1,040,000.00

Is there still PPP money left 2021?

PPP Money – Nearly All Gone: Only $8 billion remains available. Source: CBS News, April 6, 2021.

Can I get first and second draw PPP at the same time?

You can’t apply for a first-draw PPP loan AND a second-draw PPP loan at the same time, but if you act quickly, you can get your first draw funding and spend it in a legal fashion (i.e., on payroll expenses—which in the case of independent contractors, eligible self-employed individuals, or sole proprietors means paying …

How can a self-employed person use PPP loan?

To qualify for a PPP loan, self-employed individuals must meet the following criteria:

  1. You were in operation as of February 15, 2020.
  2. You are an independent contractor, sole proprietor, or other qualifying business classification with self-employment income.
  3. In 2020, you filed a Schedule C or Form 1040.

Can you use PPP to pay yourself?

You can use the PPP funds to pay yourself through what’s called owner compensation share or proprietor costs. This is to compensate you for a loss of business income. To take the full amount of owner compensation share, you will have to use a covered period of at least 11 weeks weeks.

Can I go to jail for PPP loan?

If someone is found guilty of bank fraud, they can be fined up to $1 million or imprisoned for up to 30 years, or both. Documents for PPP loans are generally submitted to financial institutions, i.e. banks.

How many businesses in Indiana have received PPP loans?

Indiana has a total of 186,349 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top 5 industries in Indiana by number of loans awarded, with average loan amounts and number of jobs reported.

What is the Paycheck Protection Program (PPP)?

Search the list: PPP loans to Indiana organizations The federal CARES Act authorized the Paycheck Protection Program, which has provided more than $521 billion in loans to companies, not-for-profits and other organizations across the country.

How many jobs has the payroll protection program saved Indiana?

A total of 79,159 loans were distributed to Indiana leading to a reported 951,528 jobs being retained. Based on the data, between $7,091,487,893 and $13,781,737,893 have been loaned through the Payroll Protection Program to businesses in Indiana.

What is federalpay’s PPP information policy?

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.