PPP Loan Data — Full Steam Staffing NJ LLC, Berkeley Heights, NJ
Full Steam Staffing NJ LLC is a limited liability company (LLC) located at 226 Timber Drive in Berkeley Heights, New Jersey that received a Coronavirus-related PPP loan from the SBA of $7,658,790.00 in May, 2020.
$ PPP Loan Information
Full Steam Staffing NJ LLC in Berkeley Heights, NJ received a Paycheck Protection Loan of $7.66M through INVESTORS BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Full Steam Staffing NJ LLC's total 2019 payroll expenses were approximately $36.76M 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 $73,524 per employee1.
Business Information - Full Steam Staffing NJ LLC in Berkeley Heights, NJ
226 Timber Drive
Berkeley Heights, NJ 7922
Human Resources Consulting Services (NAICS code 541612)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-07
Similar Companies near Berkeley Heights
In the Berkeley Heights area, 2 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 255 employees (compared to this company's 500) and received an average PPP loan of $3,890,685 (compared to this company's $7.66M).
Similar Nearby Businesses Who Received PPP Funding:
Nura USA LLC
Berkeley Heights, NJ
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, 98% lower than Full Steam Staffing NJ LLC's reported 500 employees, and received an average PPP loan of $129,889, 98% lower than this company's loan of $7.66M.
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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