PPP Loan Data — Central Solutions Staffing LLC, Pomona, NY
Central Solutions Staffing LLC is a limited liability company (LLC) located at 26 Firemens Memorial Drive in Pomona, New York that received a Coronavirus-related PPP loan from the SBA of $3,531,282.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:DIME COMMUNITY BANK
Central Solutions Staffing LLC in Pomona, NY received a Paycheck Protection Loan of $3.53M through DIME COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Central Solutions Staffing LLC's total 2019 payroll expenses were approximately $16.95M 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 $33,900 per employee1.
Business Information - Central Solutions Staffing LLC in Pomona, NY
26 Firemens Memorial Drive
Pomona, NY 10970
Food Service Contractors (NAICS code 722310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-17
Industry PPP Comparison Statistics
Nationwide, 8,947 businesses in the "Food Service Contractors" industry received a total of $969,115,041.00 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 15 employees, 97% lower than Central Solutions Staffing LLC's reported 500 employees, and received an average PPP loan of $108,317, 97% lower than this company's loan of $3.53M.
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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