PPP Loan Data — Personnel Management Group, Inc., Bloomington, MN
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
Lender:MINNESOTA BANK & TRUST
Personnel 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
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-03
Similar 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.
All Temporaries, Inc.
All Temporaries Midwest, Inc.
Award Staffing Services, Inc.
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.
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Footnotes & Information
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