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PPP Loan Data — ASC Staffing Group, LLC, La Jolla, CA

SBA PPP loan data, payroll data, and salaries for ASC Staffing Group, LLC
CA

ASC Staffing Group, LLC

Entity: Limited Liability Company (LLC)

Industry: Employment Placement Agencies

Location: La Jolla, CA

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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

Loan Size:

$9.3M

Jobs Retained:

500

Loan Approved:

2020-04-13

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.

Because the loan received by ASC Staffing Group, LLC 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 - ASC Staffing Group, LLC in La Jolla, CA

ASC Staffing Group, LLC
888 Prospect St
La Jolla, CA 92037

Business Industry

Employment Placement Agencies (NAICS code 561311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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/asc-staffing-group-llc-la-jolla-ca