PPP Loan Data — Adex Corporation, Longwood, FL
Location: Longwood, FLTweet This • Search All PPP Data
Adex Corporation is a corporation located at 300 Crowne Oak Centre Dr. in Longwood, Florida that received a Coronavirus-related PPP loan from the SBA of $2,682,125.00 in April, 2020.
$ PPP Loan Information
Lender:HERITAGE BANK OF COMMERCE
Adex Corporation in Longwood, FL received a Paycheck Protection Loan of $2.68M through HERITAGE BANK OF COMMERCE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Adex Corporation's total 2019 payroll expenses were approximately $12.87M in order to qualify for the PPP loan amount received.
Based on their reported 207 jobs retained, this equals an estimated average yearly compensation of $62,194 per employee1.
Business Information - Adex Corporation in Longwood, FL
300 Crowne Oak Centre Dr.
Longwood, FL 32750
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-07
Similar Companies near Longwood
In the Longwood area, 24 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 207) and received an average PPP loan of $202,273 (compared to this company's $2.68M).
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Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 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 6 employees, 97% lower than Adex Corporation's reported 207 employees, and received an average PPP loan of $86,242, 97% lower than this company's loan of $2.68M.
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, 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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