PPP Loan Data — Sparks Personnel Services, Inc., Rockville, MD
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
Lender:CAPITAL ONE, NATIONAL ASSOCIATION
Sparks 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
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-08
Similar 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.
Foxhound Partners, 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 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.
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Footnotes & Information
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