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PPP Loan Data — Protrades Staffing LLC, Gilbert, AZ

SBA PPP loan data, payroll data, and salaries for Protrades Staffing LLC
AZ

Protrades Staffing LLC

Entity: Limited Liability Company (LLC)

Industry: Other Miscellaneous Nondurable Goods Merchant Wholesalers

Location: Gilbert, AZ

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Protrades Staffing LLC is a limited liability company (LLC) located at 2635 S Bahama Dr in Gilbert, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,141,300.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.14M

Jobs Retained:

165

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Protrades Staffing LLC received a Paycheck Protection Loan of $3.14M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Protrades Staffing LLC's total 2019 payroll expenses were approximately $15.08M in order to qualify for the PPP loan amount received.

Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $91,383 per employee1.

Because the loan received by Protrades Staffing LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Protrades Staffing LLC in Gilbert, AZ

Protrades Staffing LLC
2635 S Bahama Dr
Gilbert, AZ 85295

Business Industry

Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS code 424990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-05

Similar Companies near Gilbert

In the Gilbert area, 2 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 165) and received an average PPP loan of $1,716,500 (compared to this company's $3.14M).

Similar Nearby Businesses Who Received PPP Funding:

Weider Global Nutrition LLC
Gilbert, AZ

$291,700 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 8,398 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $907,670,921.00 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 10 employees, 94% lower than Protrades Staffing LLC's reported 165 employees, and received an average PPP loan of $108,082, 97% lower than this company's loan of $3.14M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/protrades-staffing-llc-gilbert-az