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PPP Loan Data — Quartus Engineering Incorporated,
San Diego, CA
Quartus Engineering Incorporated
Entity: Corporation
Industry: Engineering Services
Location: San Diego, CA
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Quartus Engineering Incorporated is a corporation located at 9689 Towne Center Dr in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $2,647,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
128Loan Approved:
2020-04-15Lender:
CITIBANK, N.A.Quartus Engineering Incorporated received a Paycheck Protection Loan of $2.65M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Quartus Engineering Incorporated's total 2019 payroll expenses were approximately $12.71M in order to qualify for the PPP loan amount received.
Based on their reported 128 jobs retained, this equals an estimated average yearly compensation of $99,274 per employee1.
Business Information - Quartus Engineering Incorporated in San Diego, CA
9689 Towne Center Dr
San Diego, CA 92121
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-52Similar Companies near San Diego
In the San Diego area, 49 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 128) and received an average PPP loan of $493,449 (compared to this company's $2.65M).
Similar Nearby Businesses Who Received PPP Funding:
Turley Engineering
San Diego, CA
MA Engineers, Inc
San Diego, CA
Zikov Engineering Inc.
San Diego, CA
Avezta Inc
San Diego, CA
Valtech Engineering
San Diego, CA
Gafcon, Inc.
San Diego, CA
Hargis + Associates
San Diego, CA
Lovelace Engineering, Inc.
San Diego, CA
Grantham Engineering, Inc.
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 89% lower than Quartus Engineering Incorporated's reported 128 employees, and received an average PPP loan of $249,856, 91% lower than this company's loan of $2.65M.
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.
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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