PPP Loan Data — Contract Services Group, Inc., Brea, CA
Contract Services Group, Inc.
Location: Brea, CATweet This • Search All PPP Data
Contract Services Group, Inc. is a corporation located at 480 Capricorn Street in Brea, California that received a Coronavirus-related PPP loan from the SBA of $3,136,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 496 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FARMERS & MERCHANTS BANK OF LONG BEACH
Contract Services Group, Inc. in Brea, CA received a Paycheck Protection Loan of $3.14M through FARMERS & MERCHANTS BANK OF LONG BEACH, which was approved in April, 2020.
Based on standard PPP eligibility rules, Contract Services Group, Inc.'s total 2019 payroll expenses were approximately $15.05M in order to qualify for the PPP loan amount received.
Based on their reported 496 jobs retained, this equals an estimated average yearly compensation of $30,352 per employee1.
Business Information - Contract Services Group, Inc. in Brea, CA
480 Capricorn Street
Brea, CA 92821
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-39
Similar Companies near Brea
In the Brea area, 11 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 496) and received an average PPP loan of $309,996 (compared to this company's $3.14M).
Similar Nearby Businesses Who Received PPP Funding:
BIC Picture Development, Inc.
Beauty Glow Co
Smile Design, Inc.
FIT Design Inc
Bridges Filter Service Inc
Read And Lassar Corporation
RGF Engineering, Inc.
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Contract Services Group, Inc.'s reported 496 employees, and received an average PPP loan of $74,488, 98% lower than this company's loan of $3.14M.
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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