FederalPay.org
PPP Loan Data — IPS Group, Inc,
San Diego, CA
IPS Group, Inc
Entity: Corporation
Industry: All Other Telecommunications
Location: San Diego, CA
Tweet This
•
Search All PPP Data
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:
Autofusion, Inc.
San Diego, CA
Sara Brown Events
San Diego, CA
Bespoke Communications, LLC
San Diego, CA
Teamconnect, LLC
San Diego, CA
Ocean Cloud Media Inc.
San Diego, CA
Telcentris Inc
San Diego, CA
Veracity Wireless Inc
San Diego, CA
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.
Have FederalPay.org's open data tools been valuable? Consider donating!