PPP Loan Data — Quiring General LLC, Fresno, CA
Quiring General LLC
Entity: Limited Liability Company (LLC)
Location: Fresno, CATweet This • Search All PPP Data
Quiring General LLC is a limited liability company (LLC) located at 5118 E Clinton Way Ste 201 in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $1,744,485.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Quiring General LLC in Fresno, CA received a Paycheck Protection Loan of $1.74M through BBVA USA, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Quiring General LLC's 2019 payroll expenses are estimated to be at least $8.37M.
Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $78,996 per employee1
Reported PPP Proceed Usage:
On the PPP application, Quiring General LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,744,485
Business Information - Quiring General LLC in Fresno, CA
5118 E Clinton Way Ste 201
Fresno, CA 93727
Other Scientific and Technical Consulting Services
NAICS code 541690
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fresno
In the Fresno area, 6 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 106) and received an average PPP loan of $328,333 (compared to this company's $1.74M).
Similar Nearby Businesses Who Received PPP Funding:
HES Vm, Inc
Teknostic Technical Diagnostic
Turner Designs Hydrocarbon Instruments Inc
Industry PPP Comparison Statistics
Nationwide, 28,306 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $2.1B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 94% lower than Quiring General LLC's reported 106 employees, and received an average PPP loan of $74,096, 96% lower than this company's loan of $1.74M.
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Footnotes & Information
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