PPP Loan Data — Build Staffing Group Inc, Irvine, CA
Build Staffing Group Inc is a subchapter s corporation located at 530 Technology Dr Ste 100 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $47,118.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Build Staffing Group Inc in Irvine, CA received a Paycheck Protection Loan of $47,118 through Cross River Bank, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Build Staffing Group Inc's 2019 payroll expenses are estimated to be at least $226,166.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,389 per employee1
Reported PPP Proceed Usage:
On the PPP application, Build Staffing Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,116
- Utilities: $1
Business Information - Build Staffing Group Inc in Irvine, CA
530 Technology Dr Ste 100
Irvine, CA 92618
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 5 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $95,497 (compared to this company's $47,118).
Similar Nearby Businesses Who Received PPP Funding:
QMC Investments LLC
ASP Staffing Account And Finance LLC
Remedy Field Services Inc
Industry PPP Comparison Statistics
Nationwide, 8,994 businesses in the "Temporary Help Services" industry received a total of $3.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 51 employees, 1600% higher than Build Staffing Group Inc's reported 3 employees, and received an average PPP loan of $405,841, 761% higher than this company's loan of $47,118.
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Footnotes & Information
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