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PPP Loan Data — PDQ Staffing Inc, Mansfield, TX

SBA PPP loan data, payroll data, and salaries for PDQ Staffing Inc
TX

PDQ Staffing Inc

Entity: Corporation

Industry: Temporary Help Services

Location: Mansfield, TX

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PDQ Staffing Inc is a corporation located at 704 Hunters Row Ct in Mansfield, Texas that received a Coronavirus-related PPP loan from the SBA of $8,321,049.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.32M

Jobs Retained:

500

Loan Approved:

2020-04-14

Lender:

PLAINSCAPITAL BANK

PDQ Staffing Inc received a Paycheck Protection Loan of $8.32M through PLAINSCAPITAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, PDQ Staffing Inc's total 2019 payroll expenses were approximately $39.94M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $79,882 per employee1.

Because the loan received by PDQ Staffing Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - PDQ Staffing Inc in Mansfield, TX

PDQ Staffing Inc
704 Hunters Row Ct
Mansfield, TX 76063

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-06

Similar Companies near Mansfield

In the Mansfield area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 269 employees (compared to this company's 500) and received an average PPP loan of $3,549,383 (compared to this company's $8.32M).

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, 88% lower than PDQ Staffing Inc's reported 500 employees, and received an average PPP loan of $608,834, 93% lower than this company's loan of $8.32M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pdq-staffing-inc-mansfield-tx