PPP Loan Data — S&A Solutions, Inc., Sterling Heights, MI
S&A Solutions, Inc. is a subchapter s corporation located at 38600 Van Dyke Ave Ste 350 in Sterling Heights, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,702,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 322 people during the applicable loan loan period.
$ PPP Loan Information
Lender:LEVEL ONE BANK
S&A Solutions, Inc. received a Paycheck Protection Loan of $4.7M through LEVEL ONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, S&A Solutions, Inc.'s total 2019 payroll expenses were approximately $22.57M in order to qualify for the PPP loan amount received.
Based on their reported 322 jobs retained, this equals an estimated average yearly compensation of $70,096 per employee1.
Business Information - S&A Solutions, Inc. in Sterling Heights, MI
38600 Van Dyke Ave Ste 350
Sterling Heights, MI 48312
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MI-09
Similar Companies near Sterling Heights
In the Sterling Heights area, 3 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 251 employees (compared to this company's 322) and received an average PPP loan of $1,873,213 (compared to this company's $4.7M).
Similar Nearby Businesses Who Received PPP Funding:
HR Maxim, LLC
Sterling Heights, MI
Apex Staffing LLC
Sterling Heights, MI
Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 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 38 employees, 88% lower than S&A Solutions, Inc.'s reported 322 employees, and received an average PPP loan of $363,100, 92% lower than this company's loan of $4.7M.
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Footnotes & Information
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