PPP Loan Data — Elixir Extrusions LLC, Douglas, GA
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
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.
Business Information - Elixir Extrusions LLC in Douglas, GA
1300 Pope Dr
Douglas, GA 31533
Other Aluminum Rolling, Drawing, and Extruding (NAICS code 331318)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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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