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PPP Loan Data — Core Services Group, Inc., Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Core Services Group, Inc.
NY

Core Services Group, Inc.

Entity: Corporation

Industry: Other Individual and Family Services

Location: Brooklyn, NY

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Core Services Group, Inc. is a corporation located at 45 Main St Ste 711 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $4,320,332.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.32M

Jobs Retained:

500

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Core Services Group, Inc. received a Paycheck Protection Loan of $4.32M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Core Services Group, Inc.'s total 2019 payroll expenses were approximately $20.74M 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 $41,475 per employee1.

Because the loan received by Core Services Group, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Core Services Group, Inc. in Brooklyn, NY

Core Services Group, Inc.
45 Main St Ste 711
Brooklyn, NY 11201

Business Industry

Other Individual and Family Services (NAICS code 624190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: VETERAN

Congressional District: NY-07

Similar Companies near Brooklyn

In the Brooklyn area, 12 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 500) and received an average PPP loan of $1,222,932 (compared to this company's $4.32M).

Industry PPP Comparison Statistics

Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, 97% lower than Core Services Group, Inc.'s reported 500 employees, and received an average PPP loan of $145,761, 97% lower than this company's loan of $4.32M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/core-services-group-inc-brooklyn-ny