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PPP Loan Data — Elixir Extrusions LLC, Douglas, GA

SBA PPP loan data, payroll data, and salaries for Elixir Extrusions LLC
GA

Elixir Extrusions LLC

Entity: Limited Liability Company (LLC)

Industry: Other Aluminum Rolling, Drawing, and Extruding

Location: Douglas, GA

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Elixir Extrusions LLC is a limited liability company (LLC) located at 1300 Pope Dr in Douglas, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,674,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.67M

Jobs Retained:

205

Loan Approved:

2020-04-14

Lender:

HANCOCK WHITNEY BANK

Elixir Extrusions LLC in Douglas, GA received a Paycheck Protection Loan of $2.67M through HANCOCK WHITNEY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Elixir Extrusions LLC's total 2019 payroll expenses were approximately $12.84M in order to qualify for the PPP loan amount received.

Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $62,613 per employee1.

Because the loan received by Elixir Extrusions LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Elixir Extrusions LLC in Douglas, GA

Elixir Extrusions LLC
1300 Pope Dr
Douglas, GA 31533

Business Industry

Other Aluminum Rolling, Drawing, and Extruding (NAICS code 331318)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-12

Similar Companies near Douglas

In the Douglas area, 2 businesses in the "Other Aluminum Rolling, Drawing, and Extruding" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 205) and received an average PPP loan of $1,399,289 (compared to this company's $2.67M).

Similar Nearby Businesses Who Received PPP Funding:

South Georgia Anodizing LLC
Douglas, GA

$124,477 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 128 businesses in the "Other Aluminum Rolling, Drawing, and Extruding" industry received a total of $74,033,868.00 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 41 employees, 80% lower than Elixir Extrusions LLC's reported 205 employees, and received an average PPP loan of $578,390, 78% lower than this company's loan of $2.67M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/elixir-extrusions-llc-douglas-ga