PPP Loan Data — North American Staffing Group, Inc, Brea, CA
North American Staffing Group, Inc is a subchapter s corporation located at 3 Pointe Dr Suite 107 in Brea, California that received a Coronavirus-related PPP loan from the SBA of $2,275,762.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
North American Staffing Group, Inc in Brea, CA received a Paycheck Protection Loan of $2.28M through Bank of the West, which was approved in April, 2020.
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, North American Staffing Group, Inc's 2019 payroll expenses are estimated to be at least $10.92M.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $56,019 per employee1
Reported PPP Proceed Usage:
On the PPP application, North American Staffing Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,275,762
Business Information - North American Staffing Group, Inc in Brea, CA
3 Pointe Dr Suite 107
Brea, CA 92821
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 Brea
In the Brea area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 195) and received an average PPP loan of $1,082,731 (compared to this company's $2.28M).
Similar Nearby Businesses Who Received PPP Funding:
Simple Employment Services, Inc
Lorena Bandy LLC
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, 74% lower than North American Staffing Group, Inc's reported 195 employees, and received an average PPP loan of $405,841, 82% lower than this company's loan of $2.28M.
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Footnotes & Information
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