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PPP Loan Data — Iworks Personnel Inc, San Antonio, TX

ALERT: There are a total of 2 PPP loans in our database for businesses with the name "Iworks Personnel Inc" in San Antonio, TX. Reasoning for multiple loans may include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. See the list of loans under this name and additional details below.

SBA PPP loan data, payroll data, and salaries for Iworks Personnel Inc
TX

Iworks Personnel Inc

Entity: Corporation

Industry: Temporary Help Services

Location: San Antonio, TX

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Iworks Personnel Inc is a corporation located at 5509 Blanco Rd in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $125,488.00 in July, 2020.

$ PPP Loan Information

Loan Size:

$125,488

Jobs Retained:

16

Loan Approved:

2020-07-06

Lender:

CROSS RIVER BANK

Iworks Personnel Inc received a Paycheck Protection Loan of $125,488 through CROSS RIVER BANK, which was approved in July, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Iworks Personnel Inc's total 2019 payroll expenses were approximately $602,342 in order to qualify for the PPP loan amount received.

Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $37,646 per employee1.

Business Information - Iworks Personnel Inc in San Antonio, TX

Iworks Personnel Inc
5509 Blanco Rd
San Antonio, TX 78216

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-20

Similar Companies near San Antonio

In the San Antonio area, 9 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 16) and received an average PPP loan of $1,134,030 (compared to this company's $125,488).

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, 281% higher than Iworks Personnel Inc's reported 16 employees, and received an average PPP loan of $608,834, 385% higher than this company's loan of $125,488.

SBA PPP loan data, payroll data, and salaries for Iworks Personnel Inc
TX

Iworks Personnel Inc

Entity: Subchapter S Corporation

Industry: Employment Placement Agencies

Location: San Antonio, TX

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Iworks Personnel Inc is a subchapter s corporation located at 20079 Stone Oak Ste 1105-502 in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $124,592.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$124,592

Jobs Retained:

15

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Iworks Personnel Inc received a Paycheck Protection Loan of $124,592 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Iworks Personnel Inc's total 2019 payroll expenses were approximately $598,042 in order to qualify for the PPP loan amount received.

Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $39,869 per employee1.

Business Information - Iworks Personnel Inc in San Antonio, TX

Iworks Personnel Inc
20079 Stone Oak Ste 1105-502
San Antonio, TX 78258

Business Industry

Employment Placement Agencies (NAICS code 561311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-21

Similar Companies near San Antonio

In the San Antonio area, 7 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 15) and received an average PPP loan of $433,681 (compared to this company's $124,592).

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, 153% higher than Iworks Personnel Inc's reported 15 employees, and received an average PPP loan of $363,100, 191% higher than this company's loan of $124,592.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/iworks-personnel-inc-san-antonio-tx