PPP Loan Data — Genesis Global Recruiting, Inc., Miramar, FL
Genesis Global Recruiting, Inc. is a corporation located at 3000 Sw 148th Ave in Miramar, Florida that received a Coronavirus-related PPP loan from the SBA of $3,586,775.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 304 people during the applicable loan loan period.
$ PPP Loan Information
Lender:AMERANT BANK, NATIONAL ASSOCIATION
Genesis Global Recruiting, Inc. received a Paycheck Protection Loan of $3.59M through AMERANT BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Genesis Global Recruiting, Inc.'s total 2019 payroll expenses were approximately $17.22M in order to qualify for the PPP loan amount received.
Based on their reported 304 jobs retained, this equals an estimated average yearly compensation of $56,633 per employee1.
Business Information - Genesis Global Recruiting, Inc. in Miramar, FL
3000 Sw 148th Ave
Miramar, FL 33027
Professional Employer Organizations (NAICS code 561330)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: FL-20
Industry PPP Comparison Statistics
Nationwide, 1,298 businesses in the "Professional Employer Organizations" industry received a total of $544,321,819.00 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 38 employees, 88% lower than Genesis Global Recruiting, Inc.'s reported 304 employees, and received an average PPP loan of $419,354, 88% lower than this company's loan of $3.59M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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.
Have FederalPay.org's open data tools been valuable? Consider donating!