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PPP Loan Data — Greene Resources, Inc.,
Raleigh, NC
Greene Resources, Inc.
Entity: Corporation
Industry: Temporary Help Services
Location: Raleigh, NC
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Greene Resources, Inc. is a corporation located at 6601 Six Forks Rd Suite 440 in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,874,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
443Loan Approved:
2020-04-14Lender:
PINNACLE BANKGreene Resources, Inc. in Raleigh, NC received a Paycheck Protection Loan of $2.87M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Greene Resources, Inc.'s total 2019 payroll expenses were approximately $13.8M in order to qualify for the PPP loan amount received.
Based on their reported 443 jobs retained, this equals an estimated average yearly compensation of $31,147 per employee1.
Business Information - Greene Resources, Inc. in Raleigh, NC
6601 Six Forks Rd Suite 440
Raleigh, NC 27615
Business Industry
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-04Similar Companies near Raleigh
In the Raleigh area, 5 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 190 employees (compared to this company's 443) and received an average PPP loan of $1,301,653 (compared to this company's $2.87M).
Similar Nearby Businesses Who Received PPP Funding:
GRI Holding LLC
Raleigh, NC
HR Directions, LLC
Raleigh, NC
KEA Contracting, Inc.
Raleigh, NC
127 Worldwide Inc
Raleigh, NC
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 Greene Resources, Inc.'s reported 443 employees, and received an average PPP loan of $608,834, 79% lower than this company's loan of $2.87M.
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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