PPP Loan Data — World Staffing USA LLC, Peoria, AZ
World Staffing USA LLC is a limited liability company (LLC) located at 8520 W Peoria Ave Ste 108 in Peoria, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,133,015.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
World Staffing USA LLC in Peoria, AZ received a Paycheck Protection Loan of $2.13M through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, World Staffing USA LLC's 2019 payroll expenses are estimated to be at least $10.24M.
Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $27,672 per employee1
Reported PPP Proceed Usage:
On the PPP application, World Staffing USA LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,111,785
- Utilities: $3,000
- Rent: $9,000
- Health Care: $9,230
Business Information - World Staffing USA LLC in Peoria, AZ
8520 W Peoria Ave Ste 108
Peoria, AZ 85345
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 12,601 businesses in the "Employment Placement Agencies" industry received a total of $3.48B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 35 employees, 91% lower than World Staffing USA LLC's reported 370 employees, and received an average PPP loan of $275,915, 87% lower than this company's loan of $2.13M.
FederalPay's PPP Information Policy
Footnotes & Information
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