PPP Loan Data — Workbox Staffing LLC, Grand Rapids, MI
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
Lender:MERCANTILE BANK OF MICHIGAN
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.
Business Information - Workbox Staffing LLC in Grand Rapids, MI
1350 Scribner Ave Nw
Grand Rapids, MI 49504
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
His Holdings, Inc.
Grand Rapids, MI
Workbox Staffing SC, LLC
Grand Rapids, MI
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
Footnotes & Information
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