PPP Loan Data — Hsgi, Inc., Dacula, GA
Hsgi, Inc. is a corporation located at 2078 Teron Trace Ste 250 in Dacula, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,897,735.00 in April, 2020.
$ PPP Loan Information
Lender:TRUSTMARK NATIONAL BANK
Hsgi, Inc. in Dacula, GA received a Paycheck Protection Loan of $4.9M through TRUSTMARK NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hsgi, Inc.'s total 2019 payroll expenses were approximately $23.51M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $78,364 per employee1.
Business Information - Hsgi, Inc. in Dacula, GA
2078 Teron Trace Ste 250
Dacula, GA 30019
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-10
Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 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 38 employees, 87% lower than Hsgi, Inc.'s reported 300 employees, and received an average PPP loan of $363,100, 93% lower than this company's loan of $4.9M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!