PPP Loan Data — Select Advisors Institute, LLC, Irvine, CA
Select Advisors Institute, LLC is a limited liability company (LLC) located at 5151 California Avenue,100 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Select Advisors Institute, LLC in Irvine, CA received a Paycheck Protection Loan of $25,000 through Customers Bank, 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 May, 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, Select Advisors Institute, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Select Advisors Institute, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Select Advisors Institute, LLC in Irvine, CA
5151 California Avenue,100
Irvine, CA 92617
Executive Search Services
NAICS code 561312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 11 businesses in the "Executive Search Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 10) and received an average PPP loan of $122,455 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Firstline Mobility Inc
Approgence Technologies Inc
Ztnet Talent Inc
PEP Technology Inc
Lawmark Legal Search LLC
Aland Group Inc
MB Search LLC
SMF International, Inc
Industry PPP Comparison Statistics
Nationwide, 7,038 businesses in the "Executive Search Services" industry received a total of $770.55M 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 10 employees, the same amount reported by Select Advisors Institute, LLC and received an average PPP loan of $109,485, 338% higher than this company's loan of $25,000.
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Footnotes & Information
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