PPP Loan Data — Americor Funding, Inc., Irvine, CA
Americor Funding, Inc.
Location: Irvine, CATweet This • Search All PPP Data
Americor Funding, Inc. is a corporation located at 18200 Von Karman Ave. 6th Floor in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $4,845,045.00 in April, 2020.
$ PPP Loan Information
Americor Funding, Inc. in Irvine, CA received a Paycheck Protection Loan of $4.85M through AXOS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Americor Funding, Inc.'s total 2019 payroll expenses were approximately $23.26M in order to qualify for the PPP loan amount received.
Based on their reported 407 jobs retained, this equals an estimated average yearly compensation of $57,141 per employee1.
Business Information - Americor Funding, Inc. in Irvine, CA
18200 Von Karman Ave. 6th Floor
Irvine, CA 92612
Oil and Gas Pipeline and Related Structures Construction (NAICS code 237120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: CA-45
Industry PPP Comparison Statistics
Nationwide, 1,513 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $689,155,003.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 94% lower than Americor Funding, Inc.'s reported 407 employees, and received an average PPP loan of $455,489, 91% lower than this company's loan of $4.85M.
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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