PPP Loan Data — Mentorx Corporation, Irvine, CA
Mentorx Corporation is a corporation located at 100 Pacifica in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $197,100.00 in April, 2020.
$ PPP Loan Information
Lender:EAST WEST BANK
Mentorx Corporation received a Paycheck Protection Loan of $197,100 through EAST WEST BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Mentorx Corporation's total 2019 payroll expenses were approximately $946,080 in order to qualify for the PPP loan amount received.
Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $52,560 per employee1.
Business Information - Mentorx Corporation in Irvine, CA
Irvine, CA 92618
Educational Support Services (NAICS code 611710)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-45
Similar Companies near Irvine
In the Irvine area, 11 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 18) and received an average PPP loan of $392,585 (compared to this company's $197,100).
Similar Nearby Businesses Who Received PPP Funding:
Golden Gate Study Abroad
The College Blueprint LLC
Educational Technology And Life DBA Edtechteam
Mind Research Institute
Math Learning Woodbridge
High School Inc Academies Foundation
Roberto Pelayo, PHD
Industry PPP Comparison Statistics
Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 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 9 employees, 50% lower than Mentorx Corporation's reported 18 employees, and received an average PPP loan of $95,025, 52% lower than this company's loan of $197,100.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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