PPP Loan Data — Sterling Staffing, Inc, Westchester, IL
Sterling Staffing, Inc is a subchapter s corporation located at 2 Westbrook Corporate Ctr Ste 300 in Westchester, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,357,200.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Sterling Staffing, Inc received a Paycheck Protection Loan of $4.36M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sterling Staffing, Inc's total 2019 payroll expenses were approximately $20.91M in order to qualify for the PPP loan amount received.
Based on their reported 326 jobs retained, this equals an estimated average yearly compensation of $64,155 per employee1.
Business Information - Sterling Staffing, Inc in Westchester, IL
2 Westbrook Corporate Ctr Ste 300
Westchester, IL 60154
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Similar Companies near Westchester
In the Westchester area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 326) and received an average PPP loan of $1,522,687 (compared to this company's $4.36M).
Similar Nearby Businesses Who Received PPP Funding:
Kim Thomas Professional Services
Rehab Assist 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, 81% lower than Sterling Staffing, Inc's reported 326 employees, and received an average PPP loan of $608,834, 86% lower than this company's loan of $4.36M.
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Footnotes & Information
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