PPP Loan Data — Bear Staffing Services Corporation, Marco Island, FL
Bear Staffing Services Corporation is a corporation located at 950 N Collier Blvd, Suite 204 in Marco Island, Florida that received a Coronavirus-related PPP loan from the SBA of $3,100,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 471 people during the applicable loan loan period.
$ PPP Loan Information
Lender:NEWTEK SMALL BUSINESS FINANCE, INC.
Bear Staffing Services Corporation in Marco Island, FL received a Paycheck Protection Loan of $3.1M through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Bear Staffing Services Corporation's total 2019 payroll expenses were approximately $14.88M in order to qualify for the PPP loan amount received.
Based on their reported 471 jobs retained, this equals an estimated average yearly compensation of $31,592 per employee1.
Business Information - Bear Staffing Services Corporation in Marco Island, FL
950 N Collier Blvd, Suite 204
Marco Island, FL 34145
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: FL-19
Similar Companies near Marco Island
In the Marco Island area, 2 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 236 employees (compared to this company's 471) and received an average PPP loan of $1,560,417 (compared to this company's $3.1M).
Similar Nearby Businesses Who Received PPP Funding:
Marco Island, FL
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 Bear Staffing Services Corporation's reported 471 employees, and received an average PPP loan of $363,100, 88% lower than this company's loan of $3.1M.
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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