PPP Loan Data — Capital Staffing Solutions Inc, Jacksonville, FL
Capital Staffing Solutions Inc is a corporation located at 4336 Pablo Ct in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $3,460,708.00 in April, 2020.
$ PPP Loan Information
Lender:SOUTH STATE BANK, NATIONAL ASSOCIATION
Capital Staffing Solutions Inc in Jacksonville, FL received a Paycheck Protection Loan of $3.46M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Capital Staffing Solutions Inc's total 2019 payroll expenses were approximately $16.61M in order to qualify for the PPP loan amount received.
Based on their reported 349 jobs retained, this equals an estimated average yearly compensation of $47,597 per employee1.
Business Information - Capital Staffing Solutions Inc in Jacksonville, FL
4336 Pablo Ct
Jacksonville, FL 32224
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-04
Similar Companies near Jacksonville
In the Jacksonville area, 3 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 349) and received an average PPP loan of $1,179,930 (compared to this company's $3.46M).
Similar Nearby Businesses Who Received PPP Funding:
Medical Recruiting Solutions, LLC
Corporate Connections Intl. Inc.
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, 89% lower than Capital Staffing Solutions Inc's reported 349 employees, and received an average PPP loan of $363,100, 90% lower than this company's loan of $3.46M.
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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