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PPP Loan Data — Skillforce, Inc.,
Middle River, MD
Skillforce, Inc.
Entity: Subchapter S Corporation
Industry: Employment Placement Agencies
Location: Middle River, MD
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Skillforce, Inc. is a subchapter s corporation located at 405 Williams Court in Middle River, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,859,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 270 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
270Loan Approved:
2020-04-05Lender:
FIRST NATIONAL BANK OF PENNSYLVANIASkillforce, Inc. in Middle River, MD received a Paycheck Protection Loan of $2.86M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Skillforce, Inc.'s total 2019 payroll expenses were approximately $13.73M in order to qualify for the PPP loan amount received.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $50,843 per employee1.
Business Information - Skillforce, Inc. in Middle River, MD
405 Williams Court
Middle River, MD 21220
Business Industry
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MD-02Similar Companies near Middle River
In the Middle River area, 2 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 270) and received an average PPP loan of $3,205,608 (compared to this company's $2.86M).
Similar Nearby Businesses Who Received PPP Funding:
SND Services Inc
Middle River, MD
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, 86% lower than Skillforce, Inc.'s reported 270 employees, and received an average PPP loan of $363,100, 87% lower than this company's loan of $2.86M.
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, 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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