PPP Loan Data — Smart It Staffing, Inc., Indianapolis, IN
Smart It Staffing, Inc. is a corporation located at 6500 Technology Center Dr Suite 300 in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,880,400.00 in April, 2020.
The company has reported itself as a Black or african american male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:ASSOCIATED BANK, NATIONAL ASSOCIATION
Smart It Staffing, Inc. in Indianapolis, IN received a Paycheck Protection Loan of $3.88M through ASSOCIATED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Smart It Staffing, Inc.'s total 2019 payroll expenses were approximately $18.63M in order to qualify for the PPP loan amount received.
Unlike most businesses, Smart It Staffing, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Smart It Staffing, Inc. in Indianapolis, IN
6500 Technology Center Dr Suite 300
Indianapolis, IN 46278
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: BLACK OR AFRICAN AMERICAN
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Indianapolis
In the Indianapolis area, 3 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 0) and received an average PPP loan of $1,430,864 (compared to this company's $3.88M).
Similar Nearby Businesses Who Received PPP Funding:
180 Skills LLC
D&E Personnel, Inc
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, and received an average PPP loan of $363,100, 91% lower than this company's loan of $3.88M.
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Footnotes & Information
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