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PPP Loan Data — Personnel Options Inc.,
Griffin, GA
Personnel Options Inc.
Entity: Subchapter S Corporation
Industry: Temporary Help Services
Location: Griffin, GA
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Personnel Options Inc. is a subchapter s corporation located at 240 Odell Road in Griffin, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,404,950.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-28Lender:
UNITED BANKPersonnel Options Inc. received a Paycheck Protection Loan of $3.4M through UNITED BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Personnel Options Inc.'s total 2019 payroll expenses were approximately $16.34M 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 $32,688 per employee1.
Business Information - Personnel Options Inc. in Griffin, GA
240 Odell Road
Griffin, GA 30224
Business Industry
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: GA-03Industry 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 Personnel Options Inc.'s reported 500 employees, and received an average PPP loan of $608,834, 82% lower than this company's loan of $3.4M.
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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