PPP Loan Data — ASK Staffing Inc, Alpharetta, GA
ASK Staffing Inc is a corporation located at 6495 Shiloh Rd Ste 300 in Alpharetta, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,778,900.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
ASK Staffing Inc in Alpharetta, GA received a Paycheck Protection Loan of $4.78M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, ASK Staffing Inc's total 2019 payroll expenses were approximately $22.94M in order to qualify for the PPP loan amount received.
Based on their reported 496 jobs retained, this equals an estimated average yearly compensation of $46,247 per employee1.
Business Information - ASK Staffing Inc in Alpharetta, GA
6495 Shiloh Rd Ste 300
Alpharetta, GA 30005
Professional Employer Organizations (NAICS code 561330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-07
Similar Companies near Alpharetta
In the Alpharetta area, 4 businesses in the "Professional Employer Organizations" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 496) and received an average PPP loan of $1,279,215 (compared to this company's $4.78M).
Similar Nearby Businesses Who Received PPP Funding:
Option 1 Partners , LLC
Discover Staffing LLC
Industry PPP Comparison Statistics
Nationwide, 1,298 businesses in the "Professional Employer Organizations" industry received a total of $544,321,819.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 92% lower than ASK Staffing Inc's reported 496 employees, and received an average PPP loan of $419,354, 91% lower than this company's loan of $4.78M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!