PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Labor Finders Of Virginia Inc, Manassa, VA

SBA PPP loan data, payroll data, and salaries for Labor Finders Of Virginia Inc
VA

Labor Finders Of Virginia Inc

Entity: Subchapter S Corporation

Industry: Temporary Help Services

Location: Manassa, VA

Search All PPP Data

Labor Finders Of Virginia Inc is a subchapter s corporation located at 8910 Centreville Road in Manassa, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,505,400.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 464 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.51M

Jobs Retained:

464

Loan Approved:

2020-04-27

Lender:

FIRST-CITIZENS BANK & TRUST COMPANY

Labor Finders Of Virginia Inc in Manassa, VA received a Paycheck Protection Loan of $2.51M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Labor Finders Of Virginia Inc's total 2019 payroll expenses were approximately $12.03M in order to qualify for the PPP loan amount received.

Based on their reported 464 jobs retained, this equals an estimated average yearly compensation of $25,918 per employee1.

Because the loan received by Labor Finders Of Virginia 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 - Labor Finders Of Virginia Inc in Manassa, VA

Labor Finders Of Virginia Inc
8910 Centreville Road
Manassa, VA 20110

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: VA-10

Similar Companies near Manassa

In the Manassa area, 6 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 121 employees (compared to this company's 464) and received an average PPP loan of $704,915 (compared to this company's $2.51M).

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, 87% lower than Labor Finders Of Virginia Inc's reported 464 employees, and received an average PPP loan of $608,834, 76% lower than this company's loan of $2.51M.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/labor-finders-of-virginia-inc-manassa-va