PPP Loan Data — MRI Contract Staffing, Inc., Philadelphia, PA
MRI Contract Staffing, Inc. is a corporation located at 234 Market Street #4 in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,614,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 289 people during the applicable loan loan period.
$ PPP Loan Information
MRI Contract Staffing, Inc. in Philadelphia, PA received a Paycheck Protection Loan of $4.61M through BERKSHIRE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, MRI Contract Staffing, Inc.'s total 2019 payroll expenses were approximately $22.15M in order to qualify for the PPP loan amount received.
Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $76,641 per employee1.
Business Information - MRI Contract Staffing, Inc. in Philadelphia, PA
234 Market Street #4
Philadelphia, PA 19106
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: PA-03
Similar Companies near Philadelphia
In the Philadelphia area, 2 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 162 employees (compared to this company's 289) and received an average PPP loan of $2,482,700 (compared to this company's $4.61M).
Similar Nearby Businesses Who Received PPP Funding:
Hire An Esquire, Inc
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, 79% lower than MRI Contract Staffing, Inc.'s reported 289 employees, and received an average PPP loan of $608,834, 87% lower than this company's loan of $4.61M.
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.
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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