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PPP Loan Data — Technology Resource Solutions Inc,
Alpharetta, GA
Technology Resource Solutions Inc
Entity: Corporation
Industry: Temporary Help Services
Location: Alpharetta, GA
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Technology Resource Solutions Inc is a corporation located at 1105 Lakewood Pkwy Ste 190 in Alpharetta, Georgia that received a Coronavirus-related PPP loan from the SBA of $6,208,455.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
307Loan Approved:
2020-04-15Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONTechnology Resource Solutions Inc in Alpharetta, GA received a Paycheck Protection Loan of $6.21M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Technology Resource Solutions Inc's total 2019 payroll expenses were approximately $29.8M in order to qualify for the PPP loan amount received.
Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $97,070 per employee1.
Business Information - Technology Resource Solutions Inc in Alpharetta, GA
1105 Lakewood Pkwy Ste 190
Alpharetta, GA 30009
Business Industry
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-06Similar Companies near Alpharetta
In the Alpharetta area, 2 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 404 employees (compared to this company's 307) and received an average PPP loan of $7,241,728 (compared to this company's $6.21M).
Similar Nearby Businesses Who Received PPP Funding:
Axiom Staffing Group, Inc.
Alpharetta, GA
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, 80% lower than Technology Resource Solutions Inc's reported 307 employees, and received an average PPP loan of $608,834, 90% lower than this company's loan of $6.21M.
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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