PPP Loan Data — Support Services Group Inc, Waco, TX
Support Services Group Inc is a corporation located at 300 S 13th St in Waco, Texas that received a Coronavirus-related PPP loan from the SBA of $2,600,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:AMARILLO NATIONAL BANK
Support Services Group Inc in Waco, TX received a Paycheck Protection Loan of $2.6M through AMARILLO NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Support Services Group Inc's total 2019 payroll expenses were approximately $12.48M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $49,920 per employee1.
Business Information - Support Services Group Inc in Waco, TX
300 S 13th St
Waco, TX 76701
Telemarketing Bureaus and Other Contact Centers (NAICS code 561422)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-17
Similar Companies near Waco
In the Waco area, 2 businesses in the "Telemarketing Bureaus and Other Contact Centers" industry received a PPP loan. These local businesses reported an average of 170 employees (compared to this company's 250) and received an average PPP loan of $1,600,000 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Donnelly Communcations Inc
Industry PPP Comparison Statistics
Nationwide, 721 businesses in the "Telemarketing Bureaus and Other Contact Centers" industry received a total of $234,982,728.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 37 employees, 85% lower than Support Services Group Inc's reported 250 employees, and received an average PPP loan of $325,912, 87% lower than this company's loan of $2.6M.
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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