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PPP Loan Data — Personnel Management Group, Inc.,
Bloomington, MN
Personnel Management Group, Inc.
Entity: Corporation
Industry: Temporary Help Services
Location: Bloomington, MN
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Personnel Management Group, Inc. is a corporation located at 10700 Lyndale Ave S Suite 200 in Bloomington, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,487,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-10Lender:
MINNESOTA BANK & TRUSTPersonnel Management Group, Inc. received a Paycheck Protection Loan of $4.49M through MINNESOTA BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Personnel Management Group, Inc.'s total 2019 payroll expenses were approximately $21.54M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $86,168 per employee1.
Business Information - Personnel Management Group, Inc. in Bloomington, MN
10700 Lyndale Ave S Suite 200
Bloomington, MN 55420
Business Industry
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MN-03Similar Companies near Bloomington
In the Bloomington area, 5 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 232 employees (compared to this company's 250) and received an average PPP loan of $1,923,340 (compared to this company's $4.49M).
Similar Nearby Businesses Who Received PPP Funding:
At Home With Care, Inc.
Minneapolis, MN
All Temporaries, Inc.
Minneapolis, MN
All Temporaries Midwest, Inc.
Minneapolis, MN
Award Staffing Services, Inc.
Bloomington, MN
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, 76% lower than Personnel Management Group, Inc.'s reported 250 employees, and received an average PPP loan of $608,834, 86% lower than this company's loan of $4.49M.
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.
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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