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PPP Loan Data — Prime Staffing LLC,
New York, NY
Prime Staffing LLC
Entity: Limited Liability Company (LLC)
Industry: Temporary Help Services
Location: New York, NY
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Prime Staffing LLC is a limited liability company (LLC) located at 499 Fashion Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,800,437.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
257Loan Approved:
2020-04-10Lender:
TD BANK, NATIONAL ASSOCIATIONPrime Staffing LLC in New York, NY received a Paycheck Protection Loan of $2.8M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Prime Staffing LLC's total 2019 payroll expenses were approximately $13.44M in order to qualify for the PPP loan amount received.
Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $52,304 per employee1.
Business Information - Prime Staffing LLC in New York, NY
499 Fashion Ave
New York, NY 10018
Business Industry
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 22 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 257) and received an average PPP loan of $1,173,997 (compared to this company's $2.8M).
Similar Nearby Businesses Who Received PPP Funding:
Network Temps, Inc
New York, NY
Petersan Legal Temps Inc
New York, NY
Pyramid Consulting Group, LLC
New York, NY
Tempositions, Inc.
New York, NY
Daybreak Staffing Inc.
New York, NY
APM Models Inc
New York, NY
Gainor Temporaries Inc.
New York, NY
Noor Associates, Inc
New York, NY
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 Prime Staffing LLC's reported 257 employees, and received an average PPP loan of $608,834, 78% lower than this company's loan of $2.8M.
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, 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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