PPP Loan Data — Results Staffing Inc, Dallas, TX
Results Staffing Inc is a subchapter s corporation located at 1111 W Mockingbird Ln Ste 100 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in January, 2021.
The company has reported itself as a White female owned business, and employed at least 500 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Texas Security Bank
Results Staffing Inc in Dallas, TX received a Paycheck Protection Loan of $5M through Texas Security Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Results Staffing Inc's 2019 payroll expenses are estimated to be at least $24M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $48,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Results Staffing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,999,998
- Utilities: $1
Business Information - Results Staffing Inc in Dallas, TX
1111 W Mockingbird Ln Ste 100
Dallas, TX 75247
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 16 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 500) and received an average PPP loan of $524,235 (compared to this company's $5M).
Similar Nearby Businesses Who Received PPP Funding:
Main Entry Staffing, LLC
C To C Staff LLC
Steve Zhanel Enterprises Inc
D P D Superior Solutions Staffing
High Profile Inc
DPD Superior Solutions Staffing Service. Inc
Global Elite Staffing
Complete Resource And Concierge Inc
Industry PPP Comparison Statistics
Nationwide, 8,994 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, 90% lower than Results Staffing Inc's reported 500 employees, and received an average PPP loan of $405,841, 92% lower than this company's loan of $5M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!