PPP Loan Data — Professional Office Services, Inc., Waterloo, IA
Professional Office Services, Inc. is a cooperative located at 2757 Burton Ave in Waterloo, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,649,747.00 in April, 2020.
$ PPP Loan Information
Lender:FARMERS STATE BANK
Professional Office Services, Inc. in Waterloo, IA received a Paycheck Protection Loan of $3.65M through FARMERS STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Professional Office Services, Inc.'s total 2019 payroll expenses were approximately $17.52M in order to qualify for the PPP loan amount received.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $68,433 per employee1.
Business Information - Professional Office Services, Inc. in Waterloo, IA
2757 Burton Ave
Waterloo, IA 50703
Commercial Printing (except Screen and Books) (NAICS code 323111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-01
Similar Companies near Waterloo
In the Waterloo area, 3 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 256) and received an average PPP loan of $1,229,994 (compared to this company's $3.65M).
Similar Nearby Businesses Who Received PPP Funding:
Print Innovations, LLC
LSS Management, Inc.
Industry PPP Comparison Statistics
Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 95% lower than Professional Office Services, Inc.'s reported 256 employees, and received an average PPP loan of $149,024, 96% lower than this company's loan of $3.65M.
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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