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PPP Loan Data — REM Staffing, Inc,
Lemoyne, PA
REM Staffing, Inc
Entity: Corporation
Industry: Temporary Help Services
Location: Lemoyne, PA
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REM Staffing, Inc is a corporation located at 840 Market St in Lemoyne, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,055,400.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 200 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
200Loan Approved:
2020-04-04Lender:
MID PENN BANKREM Staffing, Inc received a Paycheck Protection Loan of $3.06M through MID PENN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, REM Staffing, Inc's total 2019 payroll expenses were approximately $14.67M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $73,330 per employee1.
Business Information - REM Staffing, Inc in Lemoyne, PA
840 Market St
Lemoyne, PA 17043
Business Industry
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: PA-10Similar Companies near Lemoyne
In the Lemoyne area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 149 employees (compared to this company's 200) and received an average PPP loan of $1,500,541 (compared to this company's $3.06M).
Similar Nearby Businesses Who Received PPP Funding:
Prominent Medical Staffing Inc.
Lemoyne, PA
Synergy Employment Group Inc.
Lebanon, PA
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, 70% lower than REM Staffing, Inc's reported 200 employees, and received an average PPP loan of $608,834, 80% lower than this company's loan of $3.06M.
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.
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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