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PPP Loan Data — Go-Staff Inc, San Diego, CA

SBA PPP loan data, payroll data, and salaries for Go-Staff Inc
CA

Go-Staff Inc

Entity: Corporation

Industry: Temporary Help Services

Location: San Diego, CA

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Go-Staff Inc is a corporation located at 8798 Complex Dr in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $3,796,872.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.8M

Jobs Retained:

441

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Go-Staff Inc in San Diego, CA received a Paycheck Protection Loan of $3.8M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Go-Staff Inc's total 2019 payroll expenses were approximately $18.22M in order to qualify for the PPP loan amount received.

Based on their reported 441 jobs retained, this equals an estimated average yearly compensation of $41,326 per employee1.

Because the loan received by Go-Staff Inc 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 - Go-Staff Inc in San Diego, CA

Go-Staff Inc
8798 Complex Dr
San Diego, CA 92123

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-53

Similar Companies near San Diego

In the San Diego area, 10 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 140 employees (compared to this company's 441) and received an average PPP loan of $1,389,392 (compared to this company's $3.8M).

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, 86% lower than Go-Staff Inc's reported 441 employees, and received an average PPP loan of $608,834, 84% lower than this company's loan of $3.8M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/go-staff-inc-san-diego-ca