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PPP Loan Data — Alliance HR, Inc, Huntsville, AL

SBA PPP loan data, payroll data, and salaries for Alliance HR, Inc
AL

Alliance HR, Inc

Entity: Corporation

Industry: Employment Placement Agencies

Location: Huntsville, AL

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Alliance HR, Inc is a corporation located at 307 Clinton Ave Suite 200 in Huntsville, Alabama that received a Coronavirus-related PPP loan from the SBA of $5,891,100.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least 443 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.89M

Jobs Retained:

443

Loan Approved:

2020-05-04

Lender:

REGIONS BANK

Alliance HR, Inc received a Paycheck Protection Loan of $5.89M through REGIONS BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Alliance HR, Inc's total 2019 payroll expenses were approximately $28.28M in order to qualify for the PPP loan amount received.

Based on their reported 443 jobs retained, this equals an estimated average yearly compensation of $63,831 per employee1.

Because the loan received by Alliance HR, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Alliance HR, Inc in Huntsville, AL

Alliance HR, Inc
307 Clinton Ave Suite 200
Huntsville, AL 35801

Business Industry

Employment Placement Agencies (NAICS code 561311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: AL-05

Similar Companies near Huntsville

In the Huntsville area, 3 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 155 employees (compared to this company's 443) and received an average PPP loan of $2,042,237 (compared to this company's $5.89M).

Industry PPP Comparison Statistics

Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 38 employees, 91% lower than Alliance HR, Inc's reported 443 employees, and received an average PPP loan of $363,100, 94% lower than this company's loan of $5.89M.

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.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/alliance-hr-inc-huntsville-al