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PPP Loan Data — Wise Connect, Inc,
Overland Park, KS
Wise Connect, Inc
Entity: Corporation
Industry: Temporary Help Services
Location: Overland Park, KS
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Wise Connect, Inc is a corporation located at 7501 College Blvd Ste 100 in Overland Park, Kansas that received a Coronavirus-related PPP loan from the SBA of $3,350,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
265Loan Approved:
2020-04-07Lender:
CROSSFIRST BANKWise Connect, Inc received a Paycheck Protection Loan of $3.35M through CROSSFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wise Connect, Inc's total 2019 payroll expenses were approximately $16.08M in order to qualify for the PPP loan amount received.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $60,679 per employee1.
Business Information - Wise Connect, Inc in Overland Park, KS
7501 College Blvd Ste 100
Overland Park, KS 66210
Business Industry
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: KS-03Similar Companies near Overland Park
In the Overland Park area, 9 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 265) and received an average PPP loan of $986,235 (compared to this company's $3.35M).
Similar Nearby Businesses Who Received PPP Funding:
Adams-Gabbert & Associates, LLC
Overland Park, KS
Morgan Hunter Education, LLC
Overland Park, KS
Morgan Hunter Healthcare, Inc.
Overland Park, KS
Squadbuilders, Inc.
Overland Park, KS
Ultimate LLC
Leawood, KS
Adkore Staffing Group, LLC
Leawood, KS
MHS Office Holdings LLC
Overland Park, KS
Morgan Hunter Corporation
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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, 77% lower than Wise Connect, Inc's reported 265 employees, and received an average PPP loan of $608,834, 82% lower than this company's loan of $3.35M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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