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PPP Loan Data — Seek Careers/Staffing, Inc., Grafton, WI

SBA PPP loan data, payroll data, and salaries for Seek Careers/Staffing, Inc.
WI

Seek Careers/Staffing, Inc.

Entity: Corporation

Industry: Temporary Help Services

Location: Grafton, WI

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Seek Careers/Staffing, Inc. is a corporation located at 1160 Opportunity Dr in Grafton, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5M

Jobs Retained:

500

Loan Approved:

2020-04-29

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Seek Careers/Staffing, Inc. received a Paycheck Protection Loan of $5M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Seek Careers/Staffing, Inc.'s total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $48,000 per employee1.

Because the loan received by Seek Careers/Staffing, Inc. 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 - Seek Careers/Staffing, Inc. in Grafton, WI

Seek Careers/Staffing, Inc.
1160 Opportunity Dr
Grafton, WI 53024

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: WI-06

Similar Companies near Grafton

In the Grafton area, 2 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 267 employees (compared to this company's 500) and received an average PPP loan of $2,644,825 (compared to this company's $5M).

Similar Nearby Businesses Who Received PPP Funding:

Portal, Inc.
Grafton, WI

$289,650 PPP Loan

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, 88% lower than Seek Careers/Staffing, Inc.'s reported 500 employees, and received an average PPP loan of $608,834, 88% lower than this company's loan of $5M.

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/seek-careers-staffing-inc-grafton-wi