PPP Loan Data — Meador Staffing Services Inc, Pasadena, TX
Meador Staffing Services Inc is a corporation located at 722 A Fairmont Pkwy in Pasadena, Texas that received a Coronavirus-related PPP loan from the SBA of $4,374,755.00 in April, 2020.
$ PPP Loan Information
Lender:COMMUNITYBANK OF TEXAS, NATIONAL ASSOCIATION
Meador Staffing Services Inc received a Paycheck Protection Loan of $4.37M through COMMUNITYBANK OF TEXAS, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Meador Staffing Services Inc's total 2019 payroll expenses were approximately $21M in order to qualify for the PPP loan amount received.
Based on their reported 479 jobs retained, this equals an estimated average yearly compensation of $43,839 per employee1.
Business Information - Meador Staffing Services Inc in Pasadena, TX
722 A Fairmont Pkwy
Pasadena, TX 77504
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-36
Similar Companies near Pasadena
In the Pasadena area, 4 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 184 employees (compared to this company's 479) and received an average PPP loan of $1,960,664 (compared to this company's $4.37M).
Similar Nearby Businesses Who Received PPP Funding:
Horizon Safety, LLC
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, 92% lower than Meador Staffing Services Inc's reported 479 employees, and received an average PPP loan of $363,100, 92% lower than this company's loan of $4.37M.
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Footnotes & Information
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