PPP Loan Data — Mind Research Institute, Irvine, CA
Mind Research Institute is a non-profit organization located at 5281 California Ave in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $3,456,100.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 168 people during the applicable loan loan period.
$ PPP Loan Information
Lender:COMMERCIAL BANK OF CALIFORNIA
Mind Research Institute in Irvine, CA received a Paycheck Protection Loan of $3.46M through COMMERCIAL BANK OF CALIFORNIA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mind Research Institute's total 2019 payroll expenses were approximately $16.59M in order to qualify for the PPP loan amount received.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $98,746 per employee1.
Business Information - Mind Research Institute in Irvine, CA
5281 California Ave
Irvine, CA 92617
Educational Support Services (NAICS code 611710)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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 168) and received an average PPP loan of $392,585 (compared to this company's $3.46M).
Similar Nearby Businesses Who Received PPP Funding:
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Roberto Pelayo, PHD
Euclid Education, Inc
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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, 95% lower than Mind Research Institute's reported 168 employees, and received an average PPP loan of $95,025, 97% lower than this company's loan of $3.46M.
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