PPP Loan Data — Five Star Staffing Inc., Brooklyn, NY
Five Star Staffing Inc. is a subchapter s corporation located at 4714 Ft Hamilton Parkway in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $5,308,720.00 in April, 2020.
$ PPP Loan Information
Lender:COMMUNITY FEDERAL SAVINGS BANK
Five Star Staffing Inc. in Brooklyn, NY received a Paycheck Protection Loan of $5.31M through COMMUNITY FEDERAL SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Five Star Staffing Inc.'s total 2019 payroll expenses were approximately $25.48M 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 $50,964 per employee1.
Business Information - Five Star Staffing Inc. in Brooklyn, NY
4714 Ft Hamilton Parkway
Brooklyn, NY 11219
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-10
Industry PPP Comparison Statistics
Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 61 employees, 88% lower than Five Star Staffing Inc.'s reported 500 employees, and received an average PPP loan of $608,834, 89% lower than this company's loan of $5.31M.
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Footnotes & Information
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