PPP Loan Data — Quantum Corporation, San Jose, CA
Quantum Corporation is a corporation located at 224 Airport Pkwy in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Quantum Corporation in San Jose, CA received a Paycheck Protection Loan of $10M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Quantum Corporation's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Quantum Corporation in San Jose, CA
224 Airport Pkwy
San Jose, CA 95110
Computer Storage Device Manufacturing (NAICS code 334112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-19
Industry PPP Comparison Statistics
Nationwide, 177 businesses in the "Computer Storage Device Manufacturing" industry received a total of $62,948,151.00 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, 96% lower than Quantum Corporation's reported 500 employees, and received an average PPP loan of $355,639, 96% lower than this company's loan of $10M.
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Footnotes & Information
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