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PPP Loan Data — Choice Personnel Inc,
New York, NY
Choice Personnel Inc
Entity: Subchapter S Corporation
Industry: Human Resources Consulting Services
Location: New York, NY
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Choice Personnel Inc is a subchapter s corporation located at 501 Fifth Avenue Suite 1601 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $304,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
36Loan Approved:
2020-04-15Lender:
HSBC BANK USA, NATIONAL ASSOCIATIONChoice Personnel Inc received a Paycheck Protection Loan of $304,400 through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Choice Personnel Inc's total 2019 payroll expenses were approximately $1.46M in order to qualify for the PPP loan amount received.
Based on their reported 36 jobs retained, this equals an estimated average yearly compensation of $40,587 per employee1.
Business Information - Choice Personnel Inc in New York, NY
501 Fifth Avenue Suite 1601
New York, NY 10017
Business Industry
Human Resources Consulting Services (NAICS code 541612)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 43 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 36) and received an average PPP loan of $506,423 (compared to this company's $304,400).
Similar Nearby Businesses Who Received PPP Funding:
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Eastward Partners Inc
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Partners In Human Resources International LLC
New York, NY
Upgrade Capital Americas Inc
New York, NY
Open Systems Technologies Inc.
New York, NY
Capstone Hill Search Inc
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Industry PPP Comparison Statistics
Nationwide, 4,762 businesses in the "Human Resources Consulting Services" industry received a total of $618,531,209.00 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 11 employees, 69% lower than Choice Personnel Inc's reported 36 employees, and received an average PPP loan of $129,889, 57% lower than this company's loan of $304,400.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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