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PPP Loan Data — Contract Services Group, Inc.,
Brea, CA
Contract Services Group, Inc.
Entity: Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: Brea, CA
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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
Loan Size:
Jobs Retained:
496Loan Approved:
2020-04-10Lender:
FARMERS & MERCHANTS BANK OF LONG BEACHContract 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
Business Industry
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-39Similar 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.
Brea, CA
Beauty Glow Co
Brea, CA
Smile Design, Inc.
Brea, CA
FIT Design Inc
Brea, CA
Keven Clevenger
Brea, CA
Bridges Filter Service Inc
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Read And Lassar Corporation
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RGF Engineering, Inc.
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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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