Loan data for Indiana revealed as inflation rocks the country

By Hoosier State Today

Nov 2, 2022

There were 56,875 small businesses in Indiana which received Paycheck Protection Loans (PPP) of $25,000 or under. These 56,875 businesses received $728,778,006 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

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.

Top 100 Indiana Businesses Which Received PPP Loans $25,000 or Lower

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