PPP Loan Data — Smith Temporaries, Inc., Grapevine, TX
Smith Temporaries, Inc. is a subchapter s corporation located at 2301 Mustang Drive #100 in Grapevine, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Smith Temporaries, Inc. in Grapevine, TX received a Paycheck Protection Loan of $10M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Smith Temporaries, Inc.'s total 2019 payroll expenses were approximately $48M 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 $96,000 per employee1.
Business Information - Smith Temporaries, Inc. in Grapevine, TX
2301 Mustang Drive #100
Grapevine, TX 76051
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
Similar Companies near Grapevine
In the Grapevine area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 175 employees (compared to this company's 500) and received an average PPP loan of $3,378,352 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Consulting Spectrum, Inc
New Vision Staffing Inc
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 Smith Temporaries, Inc.'s reported 500 employees, and received an average PPP loan of $608,834, 94% lower than this company's loan of $10M.
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Footnotes & Information
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