Management of Companies and Enterprises

Businesses and organizations in the Management of Companies and Enterprises industry (NAICS code 5511, part of the Management of Companies and Enterprises sector) received 15,965 PPP loans totaling $2.00B during the COVID-19 pandemic.

The average loan for this industry was $125,022 — above the national PPP average of approximately $67,000. This reflects the small business character of most participants in this industry, typically sole proprietors and micro-businesses with modest payroll obligations.

90.1% of loans in this industry were forgiven — totaling $1.87B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include PROTRANS HOLDINGS, INC. of INDIANAPOLIS, IN ($10,000,000); HOME EXPERIENCE HOLDING CO LLC of CHICAGO, IL ($9,968,700); and T.F. WARREN GROUP CORPORATION of SPRING, TX ($8,670,600).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Management of Companies and Enterprises sector — holding the securities or financial interests of companies. — businesses in NAICS 5511 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.