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PPP Loan Data — Core Staffing Services, Inc., New York, NY

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

Core Staffing Services, Inc.

Entity: Corporation

Industry: Human Resources Consulting Services

Location: New York, NY

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Core Staffing Services, Inc. is a corporation located at 463 Fashion Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,188,792.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.19M

Jobs Retained:

276

Loan Approved:

2020-04-11

Lender:

HSBC BANK USA, NATIONAL ASSOCIATION

Core Staffing Services, Inc. in New York, NY received a Paycheck Protection Loan of $3.19M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Core Staffing Services, Inc.'s total 2019 payroll expenses were approximately $15.31M in order to qualify for the PPP loan amount received.

Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $55,457 per employee1.

Because the loan received by Core Staffing Services, 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 Staffing Services, Inc. in New York, NY

Core Staffing Services, Inc.
463 Fashion Ave
New York, NY 10018

Business Industry

Human Resources Consulting Services (NAICS code 541612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near New York

In the New York area, 33 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 276) and received an average PPP loan of $598,551 (compared to this company's $3.19M).

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, 96% lower than Core Staffing Services, Inc.'s reported 276 employees, and received an average PPP loan of $129,889, 96% lower than this company's loan of $3.19M.

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.

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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-staffing-services-inc-new-york-ny