PPP Loan Data — IPS Group, Inc,
San Diego, CA
IPS Group, Inc
Entity: Corporation
Industry: All Other Telecommunications
Location: San Diego, CA

IPS Group, Inc is a corporation located at 7737 Kenamar Court in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $2,551,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
205Loan Approved:
2020-04-07Lender:
PACIFIC MERCANTILE BANKIPS Group, Inc in San Diego, CA received a Paycheck Protection Loan of $2.55M through PACIFIC MERCANTILE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, IPS Group, Inc's total 2019 payroll expenses were approximately $12.25M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $59,745 per employee1.
Business Information - IPS Group, Inc in San Diego, CA
7737 Kenamar Court
San Diego, CA 92121
Business Industry
All Other Telecommunications (NAICS code 517919)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-52Similar Companies near San Diego
In the San Diego area, 8 businesses in the "All Other Telecommunications" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 205) and received an average PPP loan of $469,596 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
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Ocean Cloud Media Inc.
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Telcentris Inc
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Veracity Wireless Inc
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Industry PPP Comparison Statistics
Nationwide, 6,603 businesses in the "All Other Telecommunications" industry received a total of $691,992,618.00 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 8 employees, 96% lower than IPS Group, Inc's reported 205 employees, and received an average PPP loan of $104,800, 96% lower than this company's loan of $2.55M.
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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