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PPP Loan Data — Americas Staffing Partners Inc, Bethlehem, PA

SBA PPP loan data, payroll data, and salaries for Americas Staffing Partners Inc
PA

Americas Staffing Partners Inc

Entity: Corporation

Industry: Employment Placement Agencies

Location: Bethlehem, PA

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Americas Staffing Partners Inc is a corporation located at 167 N Commerce Way in Bethlehem, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,035,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.04M

Jobs Retained:

357

Loan Approved:

2020-04-07

Lender:

FIRST HOME BANK

Americas Staffing Partners Inc in Bethlehem, PA received a Paycheck Protection Loan of $4.04M through FIRST HOME BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Americas Staffing Partners Inc's total 2019 payroll expenses were approximately $19.37M in order to qualify for the PPP loan amount received.

Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $54,259 per employee1.

Because the loan received by Americas Staffing Partners 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 - Americas Staffing Partners Inc in Bethlehem, PA

Americas Staffing Partners Inc
167 N Commerce Way
Bethlehem, PA 18017

Business Industry

Employment Placement Agencies (NAICS code 561311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-07

Similar Companies near Bethlehem

In the Bethlehem area, 2 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 180 employees (compared to this company's 357) and received an average PPP loan of $2,026,834 (compared to this company's $4.04M).

Similar Nearby Businesses Who Received PPP Funding:

Pedretti 6 Inc
Bethlehem, PA

$18,167 PPP Loan

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, 89% lower than Americas Staffing Partners Inc's reported 357 employees, and received an average PPP loan of $363,100, 91% lower than this company's loan of $4.04M.

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, 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/americas-staffing-partners-inc-bethlehem-pa