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PPP Loan Data — Q-Tech Corporation, Culver City, CA

SBA PPP loan data, payroll data, and salaries for Q-Tech Corporation

Q-Tech Corporation

Entity: Corporation

Industry: Other Electronic Component Manufacturing

Location: Culver City, CA

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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

Loan Size:


Jobs Retained:

0 Unreported

Loan Approved:




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.

Because the loan received by Q-Tech Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Q-Tech Corporation in Culver City, CA

Q-Tech Corporation
10150 W Jefferson Blvd
Culver City, CA 90232

Business Industry

Other Electronic Component Manufacturing (NAICS code 334419)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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:

Emmanuel Eleyae
Culver City, CA

$20,832 PPP Loan

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

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.

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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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** This Document Provided By - The Civil Employee's Resource **