PPP Loan Data — Summit Staffing, Oak Brook, IL
Summit Staffing is a subchapter s corporation located at 610 Enterprise Dr in Oak Brook, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,250,000.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST MIDWEST BANK
Summit Staffing received a Paycheck Protection Loan of $6.25M through FIRST MIDWEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Summit Staffing's total 2019 payroll expenses were approximately $30M 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 $60,000 per employee1.
Business Information - Summit Staffing in Oak Brook, IL
610 Enterprise Dr
Oak Brook, IL 60523
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: IL-05
Similar Companies near Oak Brook
In the Oak Brook area, 2 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 253 employees (compared to this company's 500) and received an average PPP loan of $3,189,584 (compared to this company's $6.25M).
Similar Nearby Businesses Who Received PPP Funding:
Oak Brook, IL
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 Summit Staffing's reported 500 employees, and received an average PPP loan of $608,834, 90% lower than this company's loan of $6.25M.
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Footnotes & Information
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