Loans of $25,000 were provided to 309 businesses.
The largest loan underneath the $25,000 threshold was $25,000, given to J&K Mechanical Heating and Air Conditioning, LLC.
The average loan amount provided to Indiana small businesses was $71,176.
One of the biggest drivers causing inflation, which is currently decimating the U.S. economy, is loans. With more money available to residents through the PPP, the purchasing power of that money is diminished, meaning it takes more money to buy the same amount of goods as before.
Economist Mickey D. Levy argued the PPP and many other assistance programs offered during the COVID-19 pandemic sparked the inflation seen in recent months by boosting the economy beyond what it could reasonably handle.
Roughly $800 billion was injected into the U.S. economy while interest rates were low, causing people to overextend themselves at the time to land in trouble in the future, he claimed.
A 2022 study found that the PPP spent between $169,000 and $258,000 to protect one job. With the average salary of a small-business worker being around $58,000, the study found the program overspent by roughly 75 percent.
| Borrower Name | Loan Amount | Difference From Average Loan Amount in IN |
|---|---|---|
| J&K Mechanical Heating and Air Conditioning, LLC | $25,000 | -$46,176 |
| Cruzs Custom Removable Insulation Blankets, LLC | $25,000 | -$46,176 |
| Jes, LLC | $25,000 | -$46,176 |
| Winding Automation, Inc. | $25,000 | -$46,176 |
| Physicians Insurance Group, LLC | $25,000 | -$46,176 |
| Pivotal Strategies Con, LLC | $25,000 | -$46,176 |
| Elliott Ventures, Inc. | $25,000 | -$46,176 |
| Indiana Halal Farms, LLC | $25,000 | -$46,176 |
| Trustee Cut Tree Service, Inc. | $25,000 | -$46,176 |
| David Bleza LLC M.D. | $25,000 | -$46,176 |
| Paro, Inc. | $25,000 | -$46,176 |
| GN Independent, LLC | $25,000 | -$46,176 |
| Robert Balash Trucking | $25,000 | -$46,176 |
| Dmabc, Inc. | $25,000 | -$46,176 |
| Jel Transportation, Inc. | $25,000 | -$46,176 |
| Douglas A. Latham CPA, LLC | $25,000 | -$46,176 |
| Jackson County Tire, LLC | $25,000 | -$46,176 |
| Tycol Supplies, Inc. | $25,000 | -$46,176 |
| Community Connect Care, LLC | $25,000 | -$46,176 |
| P & B Production, Inc. | $25,000 | -$46,176 |
| Ballerinas Academy of Dance, Inc. | $25,000 | -$46,176 |
| Better Merchants, Inc. | $25,000 | -$46,176 |
| Lawrence Community Gardens, Inc. | $25,000 | -$46,176 |
| Landscapes and Athletic Fields Plus, LLC | $25,000 | -$46,176 |
| Double T Lab, LLC | $25,000 | -$46,176 |
| North Water Syndicate, LLC | $25,000 | -$46,176 |
| Navjet Consultants, Inc. | $25,000 | -$46,176 |
| Navjet Consultants, Inc. | $25,000 | -$46,176 |
| Robert C. Winters Professional, CORP. | $25,000 | -$46,176 |
| Michael P. Gaby, CPA, LLC | $25,000 | -$46,176 |
| Orthoventure, Inc. | $25,000 | -$46,176 |
| The Cohen Family FDTN, Inc. | $25,000 | -$46,176 |
| Dovetail Marketing, LLC | $25,000 | -$46,176 |
| C S Farm, LLC | $25,000 | -$46,176 |
| A&C Parntership, Inc. | $25,000 | -$46,176 |
| Knoware, LLC | $25,000 | -$46,176 |
| Alibaba Realtors, LLC | $25,000 | -$46,176 |
| Mike D's House of Carz, LLC | $25,000 | -$46,176 |
| Jennifer Ely | $25,000 | -$46,176 |
| Proact Community Partnerships, Inc. | $25,000 | -$46,176 |
| Proact Community Partnerships, Inc. | $25,000 | -$46,176 |
| James Alsup | $25,000 | -$46,176 |
| Deano's Diner, LLC | $25,000 | -$46,176 |
| Summit Orthopedic Services, Inc. | $25,000 | -$46,176 |
| Bdis, LLC | $25,000 | -$46,176 |
| Lencioni Catering, Inc. | $25,000 | -$46,176 |
| RCHS Company Sales, LLC | $25,000 | -$46,176 |
| Trustec Systems | $25,000 | -$46,176 |
| Star Sushi, Inc. | $25,000 | -$46,176 |
| Haiyu Network, LLC | $25,000 | -$46,176 |
| Christine Kirkendol Watson, M.D. | $25,000 | -$46,176 |
| Tyler 1, Inc. | $25,000 | -$46,176 |
| JKS Transport, LLC | $25,000 | -$46,176 |
| CRNS Enterprises, LLC | $25,000 | -$46,176 |
| TJB Investment Group | $25,000 | -$46,176 |
| Studio YOU, LLC | $25,000 | -$46,176 |
| Night & Day Landscapes, LLC | $25,000 | -$46,176 |
| Lion Building Care and Maintenance, Inc. | $25,000 | -$46,176 |
| 3 Girls and a Deli, LLC | $25,000 | -$46,176 |
| Ramsey Automotive, LLC | $25,000 | -$46,176 |
| Midwest Eye Retina, PC | $25,000 | -$46,176 |
| UHQ Construction, LLC | $25,000 | -$46,176 |
| Vmax Solutions, LLC | $25,000 | -$46,176 |
| Buttler Realty Group, LLC | $25,000 | -$46,176 |
| Spencer Town & Country Veterinary Clinic, Inc. | $25,000 | -$46,176 |
| Ratliff Electrical, Inc. | $25,000 | -$46,176 |
| Eye See YOU Optometry | $25,000 | -$46,176 |
| Circle Enterprises, Inc. | $25,000 | -$46,176 |
| Yguru Corporation | $25,000 | -$46,176 |
| Elite Steamer Carpet Cleaner, LLC | $25,000 | -$46,176 |
| Safeguard Security, LLC | $25,000 | -$46,176 |
| Safeguard Security, LLC | $25,000 | -$46,176 |
| Di LA Bella, Inc. | $25,000 | -$46,176 |
| Jennifer Ely | $25,000 | -$46,176 |
| Cuevas Foods, LLC | $25,000 | -$46,176 |
| Nicely Landscaping, Inc. | $25,000 | -$46,176 |
| Klefeker Farms, LLC | $25,000 | -$46,176 |
| The Edelweiss Restaurant, Inc. | $25,000 | -$46,176 |
| Taylors Rental Properties, LLC | $25,000 | -$46,176 |
| Chakolas, Inc. | $25,000 | -$46,176 |
| The Mold Pros of Indianapolis | $25,000 | -$46,176 |
| Superior Diesel Performance & Auto | $25,000 | -$46,176 |
| Simply Clean Cleaning, Inc. | $25,000 | -$46,176 |
| Krishna Portfolio, Inc. | $25,000 | -$46,176 |
| Castillo Enterprises, LLC | $25,000 | -$46,176 |
| Castillo Enterprises, LLC | $25,000 | -$46,176 |
| Renovative Solutions | $25,000 | -$46,176 |
| J&H Tool, Inc. | $25,000 | -$46,176 |
| Hession Farms, Inc. | $25,000 | -$46,176 |
| S&L Farms, LLC | $25,000 | -$46,176 |
| Norman Houze | $25,000 | -$46,176 |
| Vision Aid Systems, Inc. | $25,000 | -$46,176 |
| RTB, Inc. | $25,000 | -$46,176 |
| RTB, Inc. | $25,000 | -$46,176 |
| T&a Transportation, Inc. | $25,000 | -$46,176 |
| Plecker Construction Incorporated | $25,000 | -$46,176 |
| Stratikore, Inc. | $25,000 | -$46,176 |
| Houin Grain Farms, LLC | $25,000 | -$46,176 |
| Zeller Windows and Siding, Inc. | $25,000 | -$46,176 |
| Quicks Lanes, Inc. | $25,000 | -$46,176 |