PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — People Source Staffing Professionals LLC, Oklahoma City, OK

SBA PPP loan data, payroll data, and salaries for People Source Staffing Professionals LLC
OK

People Source Staffing Professionals LLC

Entity: Limited Liability Company (LLC)

Industry: Employment Placement Agencies

Location: Oklahoma City, OK

Search All PPP Data

People Source Staffing Professionals LLC is a limited liability company (LLC) located at 7320 N Classen Blvd in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $4,664,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.66M

Jobs Retained:

443

Loan Approved:

2020-04-06

Lender:

FIRST UNITED BANK AND TRUST COMPANY

People Source Staffing Professionals LLC received a Paycheck Protection Loan of $4.66M through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, People Source Staffing Professionals LLC's total 2019 payroll expenses were approximately $22.39M in order to qualify for the PPP loan amount received.

Based on their reported 443 jobs retained, this equals an estimated average yearly compensation of $50,543 per employee1.

Because the loan received by People Source Staffing Professionals LLC 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 - People Source Staffing Professionals LLC in Oklahoma City, OK

People Source Staffing Professionals LLC
7320 N Classen Blvd
Oklahoma City, OK 73116

Business Industry

Employment Placement Agencies (NAICS code 561311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OK-05

Similar Companies near Oklahoma City

In the Oklahoma City area, 2 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 235 employees (compared to this company's 443) and received an average PPP loan of $2,752,350 (compared to this company's $4.66M).

Similar Nearby Businesses Who Received PPP Funding:

People Source Industrial Staffing LLC
Oklahoma City, OK

$840,000 PPP Loan

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, 91% lower than People Source Staffing Professionals LLC's reported 443 employees, and received an average PPP loan of $363,100, 92% lower than this company's loan of $4.66M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/people-source-staffing-professionals-llc-oklahoma-city-ok