FederalPay.org
PPP Loan Data — OSI Staffing Inc,
Downey, CA
OSI Staffing Inc
Entity: Corporation
Industry: All Other Support Services
Location: Downey, CA
Tweet This
•
Search All PPP Data
OSI Staffing Inc is a corporation located at 10913 La Reina Ave Ste B in Downey, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
The company has reported itself as a male owned business, and employed at least 300 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2030478906
Loan Size:
Jobs Retained:
300Loan Approved:
2021-04-26Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationOSI Staffing Inc in Downey, CA received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, OSI Staffing Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $32,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, OSI Staffing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - OSI Staffing Inc in Downey, CA
10913 La Reina Ave Ste B
Downey, CA 90241
Business Industry:
All Other Support Services
NAICS code 561990
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Downey
In the Downey area, 8 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 300) and received an average PPP loan of $274,342 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Johan Jose Torres
Downey, CA
Papo Inc
Downey, CA
Constructive Stumblings, Inc
Downey, CA
Rose & Fire, LLC
Downey, CA
Daniel Lomeli
Downey, CA
Latin Unlimited Enterprises Corporation
Downey, CA
Industry PPP Comparison Statistics
Nationwide, 33,705 businesses in the "All Other Support Services" industry received a total of $1.71B 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 7 employees, 98% lower than OSI Staffing Inc's reported 300 employees, and received an average PPP loan of $50,635, 97% lower than this company's loan of $2M.
OSI Staffing, Inc
Entity: Corporation
Industry: Unclassified Establishments
Location: Downey, CA
Tweet This
•
Search All PPP Data
OSI Staffing, Inc is a corporation located at 10913 La Reina Ave Ste B in Downey, California that received a Coronavirus-related PPP loan from the SBA of $2,125,000.00 in May, 2020.
$
PPP Loan Information
Loan #2649147408
Loan Size:
Jobs Retained:
485Loan Approved:
2020-05-06Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationOSI Staffing, Inc in Downey, CA received a Paycheck Protection Loan of $2.13M through Bank of America, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, OSI Staffing, Inc's 2019 payroll expenses are estimated to be at least $10.2M.
Based on their reported 485 jobs retained, this equals an estimated average yearly compensation of $21,031 per employee1
Reported PPP Proceed Usage:
On the PPP application, OSI Staffing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,125,000
Business Information - OSI Staffing, Inc in Downey, CA
10913 La Reina Ave Ste B
Downey, CA 90241
Business Industry:
Unclassified Establishments
NAICS code 999990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Downey
In the Downey area, 37 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 485) and received an average PPP loan of $93,372 (compared to this company's $2.13M).
Similar Nearby Businesses Who Received PPP Funding:
Mariro, LLC
Downey, CA
La Camelia
Downey, CA
Jacoma Inc
Downey, CA
Parajon Inc
Downey, CA
Valencia Law Now, Inc
Downey, CA
D & T Companies LLC
Downey, CA
Golden State University, Inc
Downey, CA
Juanita Gonzalez
Downey, CA
Inner Beast D Inc
Downey, CA
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 98% lower than OSI Staffing, Inc's reported 485 employees, and received an average PPP loan of $42,878, 98% lower than this company's loan of $2.13M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!