FederalPay.org
PPP Loan Data — Reliance One Inc,
Auburn Hills, MI
Reliance One Inc
Entity: Corporation
Industry: Temporary Help Services
Location: Auburn Hills, MI
Tweet This
•
Search All PPP Data
Reliance One Inc is a corporation located at 1700 Harmon Rd Ste 1 in Auburn Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 280 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8691318310
Loan Size:
Jobs Retained:
280Loan Approved:
2021-01-29Loan Status:
Paid in Full or ForgivenLender:
Loan Source IncorporatedReliance One Inc in Auburn Hills, MI received a Paycheck Protection Loan of $2M through Loan Source Incorporated, which was approved in January, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Reliance One Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $34,286 per employee1
Reported PPP Proceed Usage:
On the PPP application, Reliance One Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Reliance One Inc in Auburn Hills, MI
1700 Harmon Rd Ste 1
Auburn Hills, MI 48326
Business Industry:
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Auburn Hills
In the Auburn Hills area, 4 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 123 employees (compared to this company's 280) and received an average PPP loan of $878,704 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
JA Quality Assurance Group
Auburn Hills, MI
Green Arrow Enterprises LLC
Auburn Hills, MI
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Temporary Help Services" industry received a total of $3.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 51 employees, 82% lower than Reliance One Inc's reported 280 employees, and received an average PPP loan of $409,775, 80% lower than this company's loan of $2M.
Reliance One, Inc
Entity: Corporation
Industry: Employment Placement Agencies
Location: Auburn Hills, MI
Tweet This
•
Search All PPP Data
Reliance One, Inc is a corporation located at 1700 Harmon Rd in Auburn Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,187,875.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 355 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2656467103
Loan Size:
Jobs Retained:
355Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
The State BankReliance One, Inc in Auburn Hills, MI received a Paycheck Protection Loan of $4.19M through The State Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Reliance One, Inc's 2019 payroll expenses are estimated to be at least $20.1M.
Based on their reported 355 jobs retained, this equals an estimated average yearly compensation of $56,625 per employee1
Reported PPP Proceed Usage:
On the PPP application, Reliance One, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,187,875
Business Information - Reliance One, Inc in Auburn Hills, MI
1700 Harmon Rd
Auburn Hills, MI 48326
Business Industry:
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Auburn Hills
In the Auburn Hills area, 6 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 124 employees (compared to this company's 355) and received an average PPP loan of $1,207,693 (compared to this company's $4.19M).
Similar Nearby Businesses Who Received PPP Funding:
Branex Group LLC
Auburn Hills, MI
Saber Staffing Service Inc
Auburn Hills, MI
Saber Staffing Services, Inc
Auburn Hills, MI
Staffworks Group USA Inc
Auburn Hills, MI
Crossfire Group LLC
Auburn Hills, MI
Industry PPP Comparison Statistics
Nationwide, 12,514 businesses in the "Employment Placement Agencies" industry received a total of $3.47B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 35 employees, 90% lower than Reliance One, Inc's reported 355 employees, and received an average PPP loan of $277,509, 93% lower than this company's loan of $4.19M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!