PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Full Steam Staffing NJ LLC, Berkeley Heights, NJ

SBA PPP loan data, payroll data, and salaries for Full Steam Staffing NJ LLC
NJ

Full Steam Staffing NJ LLC

Entity: Limited Liability Company (LLC)

Industry: Human Resources Consulting Services

Location: Berkeley Heights, NJ

Search All PPP Data

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

Loan Size:

$7.66M

Jobs Retained:

500

Loan Approved:

2020-05-04

Lender:

INVESTORS BANK

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.

Because the loan received by Full Steam Staffing NJ LLC 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 - Full Steam Staffing NJ LLC in Berkeley Heights, NJ

Full Steam Staffing NJ LLC
226 Timber Drive
Berkeley Heights, NJ 7922

Business Industry

Human Resources Consulting Services (NAICS code 541612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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

$122,580 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/full-steam-staffing-nj-llc-berkeley-heights-nj