PPP Loan Data — Manning Personnel Group, Boston, MA
Manning Personnel Group is a corporation located at 211 Congress St. 10th Floor in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,560,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Rockland Trust Company
Manning Personnel Group in Boston, MA received a Paycheck Protection Loan of $1.56M through Rockland Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Manning Personnel Group's 2019 payroll expenses are estimated to be at least $7.49M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $55,467 per employee1
Reported PPP Proceed Usage:
On the PPP application, Manning Personnel Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,560,000
Business Information - Manning Personnel Group in Boston, MA
211 Congress St. 10th Floor
Boston, MA 2110
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boston
In the Boston area, 13 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 135) and received an average PPP loan of $1,749,110 (compared to this company's $1.56M).
Similar Nearby Businesses Who Received PPP Funding:
Creative Financial Staffing Inc
Communications Collaborative, Inc
John Leonard Employment Services Inc
Marchon Partners, LLC
Longford & Company, LLC
Manning Personnel Group Inc
Industry PPP Comparison Statistics
Nationwide, 8,994 businesses in the "Temporary Help Services" industry received a total of $3.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 51 employees, 62% lower than Manning Personnel Group's reported 135 employees, and received an average PPP loan of $405,841, 74% lower than this company's loan of $1.56M.
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Footnotes & Information
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