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PPP Loan Data — Workbox Staffing LLC, Grand Rapids, MI

SBA PPP loan data, payroll data, and salaries for Workbox Staffing LLC

Workbox Staffing LLC

Entity: Limited Liability Company (LLC)

Industry: Temporary Help Services

Location: Grand Rapids, MI

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Workbox Staffing LLC is a limited liability company (LLC) located at 1350 Scribner Ave Nw in Grand Rapids, Michigan that received a Coronavirus-related PPP loan from the SBA of $7,740,245.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Workbox Staffing LLC in Grand Rapids, MI received a Paycheck Protection Loan of $7.74M through MERCANTILE BANK OF MICHIGAN, which was approved in April, 2020.

Based on standard PPP eligibility rules, Workbox Staffing LLC's total 2019 payroll expenses were approximately $37.15M 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 $74,306 per employee1.

Because the loan received by Workbox Staffing LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Workbox Staffing LLC in Grand Rapids, MI

Workbox Staffing LLC
1350 Scribner Ave Nw
Grand Rapids, MI 49504

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-03

Similar Companies near Grand Rapids

In the Grand Rapids area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 500 employees (compared to this company's 500) and received an average PPP loan of $4,041,902 (compared to this company's $7.74M).

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 Workbox Staffing LLC's reported 500 employees, and received an average PPP loan of $608,834, 92% lower than this company's loan of $7.74M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **