PPP Loan Data — Q-Tech Corporation, Culver City, CA
Q-Tech Corporation is a corporation located at 10150 W Jefferson Blvd in Culver City, California that received a Coronavirus-related PPP loan from the SBA of $2,607,442.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Q-Tech Corporation received a Paycheck Protection Loan of $2.61M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Q-Tech Corporation's total 2019 payroll expenses were approximately $12.52M in order to qualify for the PPP loan amount received.
Unlike most businesses, Q-Tech Corporation's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Q-Tech Corporation in Culver City, CA
10150 W Jefferson Blvd
Culver City, CA 90232
Other Electronic Component Manufacturing (NAICS code 334419)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-37
Similar Companies near Culver City
In the Culver City area, 2 businesses in the "Other Electronic Component Manufacturing" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $1,314,137 (compared to this company's $2.61M).
Similar Nearby Businesses Who Received PPP Funding:
Culver City, CA
Industry PPP Comparison Statistics
Nationwide, 1,514 businesses in the "Other Electronic Component Manufacturing" industry received a total of $388,003,044.00 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 20 employees, and received an average PPP loan of $256,277, 90% lower than this company's loan of $2.61M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!