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PPP Loan Data — Silicon Valley Technical Staffing, Oakland, CA

SBA PPP loan data, payroll data, and salaries for Silicon Valley Technical Staffing
CA

Silicon Valley Technical Staffing

Entity: Subchapter S Corporation

Industry: Employment Placement Agencies

Location: Oakland, CA

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Silicon Valley Technical Staffing is a subchapter s corporation located at 2336 Harrison St in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $5,604,190.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 449 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.6M

Jobs Retained:

449

Loan Approved:

2020-04-15

Lender:

MECHANICS BANK

Silicon Valley Technical Staffing received a Paycheck Protection Loan of $5.6M through MECHANICS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Silicon Valley Technical Staffing's total 2019 payroll expenses were approximately $26.9M in order to qualify for the PPP loan amount received.

Based on their reported 449 jobs retained, this equals an estimated average yearly compensation of $59,911 per employee1.

Because the loan received by Silicon Valley Technical Staffing 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 - Silicon Valley Technical Staffing in Oakland, CA

Silicon Valley Technical Staffing
2336 Harrison St
Oakland, CA 94612

Business Industry

Employment Placement Agencies (NAICS code 561311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-13

Similar Companies near Oakland

In the Oakland area, 7 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 449) and received an average PPP loan of $1,395,254 (compared to this company's $5.6M).

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, 92% lower than Silicon Valley Technical Staffing's reported 449 employees, and received an average PPP loan of $363,100, 94% lower than this company's loan of $5.6M.

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.

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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/silicon-valley-technical-staffing-oakland-ca