PPP Loan Data — MBI Staffing LLC, Woodstock, IL
MBI Staffing LLC is a limited liability company (LLC) located at 2525 Harding Lane in Woodstock, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,550,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 181 people during the applicable loan loan period.
$ PPP Loan Information
Lender:AMERICAN COMMUNITY BANK & TRUST
MBI Staffing LLC received a Paycheck Protection Loan of $3.55M through AMERICAN COMMUNITY BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, MBI Staffing LLC's total 2019 payroll expenses were approximately $17.04M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $94,157 per employee1.
Business Information - MBI Staffing LLC in Woodstock, IL
2525 Harding Lane
Woodstock, IL 60098
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IL-14
Similar Companies near Woodstock
In the Woodstock area, 2 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 181) and received an average PPP loan of $1,889,850 (compared to this company's $3.55M).
Similar Nearby Businesses Who Received PPP Funding:
Corporate Industrial Staffing, Inc.
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, 79% lower than MBI Staffing LLC's reported 181 employees, and received an average PPP loan of $363,100, 90% lower than this company's loan of $3.55M.
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Footnotes & Information
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