PPP Loan Data — ASC Staffing Group, LLC, La Jolla, CA
ASC Staffing Group, LLC is a limited liability company (LLC) located at 888 Prospect St in La Jolla, California that received a Coronavirus-related PPP loan from the SBA of $9,301,900.00 in April, 2020.
$ PPP Loan Information
Lender:COMMERCIAL BANK OF CALIFORNIA
ASC Staffing Group, LLC in La Jolla, CA received a Paycheck Protection Loan of $9.3M through COMMERCIAL BANK OF CALIFORNIA, which was approved in April, 2020.
Based on standard PPP eligibility rules, ASC Staffing Group, LLC's total 2019 payroll expenses were approximately $44.65M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $89,298 per employee1.
Business Information - ASC Staffing Group, LLC in La Jolla, CA
888 Prospect St
La Jolla, CA 92037
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-52
Similar Companies near La Jolla
In the La Jolla area, 4 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 146 employees (compared to this company's 500) and received an average PPP loan of $2,456,493 (compared to this company's $9.3M).
Similar Nearby Businesses Who Received PPP Funding:
Southcoast Services Company LLC
La Jolla, CA
Trident Talent Solutions, Inc.
San Diego, CA
Advancing The Dream, Inc
La Jolla, CA
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, 92% lower than ASC Staffing Group, LLC's reported 500 employees, and received an average PPP loan of $363,100, 96% lower than this company's loan of $9.3M.
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.
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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