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PPP Loan Data — Sparks Personnel Services, Inc.,
Rockville, MD
Sparks Personnel Services, Inc.
Entity: Subchapter S Corporation
Industry: Temporary Help Services
Location: Rockville, MD
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Sparks Personnel Services, Inc. is a subchapter s corporation located at 700 King Farm Blvd, Ste. 100 in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $6,583,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-27Lender:
CAPITAL ONE, NATIONAL ASSOCIATIONSparks Personnel Services, Inc. in Rockville, MD received a Paycheck Protection Loan of $6.58M through CAPITAL ONE, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sparks Personnel Services, Inc.'s total 2019 payroll expenses were approximately $31.6M 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 $63,197 per employee1.
Business Information - Sparks Personnel Services, Inc. in Rockville, MD
700 King Farm Blvd, Ste. 100
Rockville, MD 20850
Business Industry
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MD-08Similar Companies near Rockville
In the Rockville area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 198 employees (compared to this company's 500) and received an average PPP loan of $2,820,371 (compared to this company's $6.58M).
Similar Nearby Businesses Who Received PPP Funding:
Provident Research, Inc.
Rockville, MD
Foxhound Partners, Inc.
Rockville, MD
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 Sparks Personnel Services, Inc.'s reported 500 employees, and received an average PPP loan of $608,834, 91% lower than this company's loan of $6.58M.
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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