PPP Loan Data — Professional Staffing Group, Inc., Boston, MA
Professional Staffing Group, Inc. is a subchapter s corporation located at 155 Federal St in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,055,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST REPUBLIC BANK
Professional Staffing Group, Inc. received a Paycheck Protection Loan of $3.06M through FIRST REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Professional Staffing Group, Inc.'s total 2019 payroll expenses were approximately $14.66M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $66,657 per employee1.
Business Information - Professional Staffing Group, Inc. in Boston, MA
155 Federal St
Boston, MA 2110
Human Resources Consulting Services (NAICS code 541612)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: MA-08
Similar Companies near Boston
In the Boston area, 3 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 220) and received an average PPP loan of $1,113,800 (compared to this company's $3.06M).
Similar Nearby Businesses Who Received PPP Funding:
Blue HR Advisors
Industry PPP Comparison Statistics
Nationwide, 4,762 businesses in the "Human Resources Consulting Services" industry received a total of $618,531,209.00 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 11 employees, 95% lower than Professional Staffing Group, Inc.'s reported 220 employees, and received an average PPP loan of $129,889, 96% lower than this company's loan of $3.06M.
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Footnotes & Information
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