PPP Loan Data — Everstaff International, LLC, Independence, OH
Everstaff International, LLC is a limited liability company (LLC) located at 6150 Oak Tree Blvd in Independence, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,636,495.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Everstaff International, LLC in Independence, OH received a Paycheck Protection Loan of $2.64M through KeyBank National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Everstaff International, LLC's 2019 payroll expenses are estimated to be at least $12.66M.
Based on their reported 477 jobs retained, this equals an estimated average yearly compensation of $26,531 per employee1
Reported PPP Proceed Usage:
On the PPP application, Everstaff International, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,636,495
Business Information - Everstaff International, LLC in Independence, OH
6150 Oak Tree Blvd
Independence, OH 44131
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Independence
In the Independence area, 17 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 477) and received an average PPP loan of $506,532 (compared to this company's $2.64M).
Similar Nearby Businesses Who Received PPP Funding:
Dental Dynamic Staffing, LLC
Parma Heights, OH
North Services Inc
Premier Talent Solutions LLC
Middleburgh Heights, OH
Snider-Blake Canton Inc
Snider-Blake Elyria Inc
Proactive Staffing LLC
Industry PPP Comparison Statistics
Nationwide, 12,601 businesses in the "Employment Placement Agencies" industry received a total of $3.48B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 35 employees, 93% lower than Everstaff International, LLC's reported 477 employees, and received an average PPP loan of $275,915, 90% lower than this company's loan of $2.64M.
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Footnotes & Information
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