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PPP Loan Data — Best National Services Inc.,
Forest Park, GA
Best National Services Inc.
Entity: Corporation
Industry: Employment Placement Agencies
Location: Forest Park, GA
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Best National Services Inc. is a corporation located at 4613 Jonesboro Rd in Forest Park, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,028,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-29Lender:
FIRST-CITIZENS BANK & TRUST COMPANYBest National Services Inc. in Forest Park, GA received a Paycheck Protection Loan of $3.03M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Best National Services Inc.'s total 2019 payroll expenses were approximately $14.54M 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 $29,072 per employee1.
Business Information - Best National Services Inc. in Forest Park, GA
4613 Jonesboro Rd
Forest Park, GA 30297
Business Industry
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-05Similar Companies near Forest Park
In the Forest Park area, 2 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 251 employees (compared to this company's 500) and received an average PPP loan of $1,522,664 (compared to this company's $3.03M).
Similar Nearby Businesses Who Received PPP Funding:
Grant Antonio Payton Foundation
Riverdale, GA
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 Best National Services Inc.'s reported 500 employees, and received an average PPP loan of $363,100, 88% lower than this company's loan of $3.03M.
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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