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PPP Loan Data — Excella Inc,
Arlington, VA
Excella Inc
Entity: Corporation
Industry: Computer Systems Design Services
Location: Arlington, VA
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Excella Inc is a corporation located at 2300 Wilson Blvd Ste 600 in Arlington, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #6647628400
Loan Size:
Jobs Retained:
244Loan Approved:
2021-02-10Loan Status:
Paid in Full or ForgivenLender:
Truist BankExcella Inc in Arlington, VA received a Paycheck Protection Loan of $2M through Truist Bank, which was approved in February, 2021.
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 March, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Excella Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $39,344 per employee1
Reported PPP Proceed Usage:
On the PPP application, Excella Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Excella Inc in Arlington, VA
2300 Wilson Blvd Ste 600
Arlington, VA 22201
Business Industry:
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Arlington
In the Arlington area, 19 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 244) and received an average PPP loan of $555,753 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Realatom, Inc
Arlington, VA
Phoenix Oversight Group LLC
Arlington, VA
Starschema, Inc
Arlington, VA
Development Infostructure Inc
Arlington, VA
More Solutions Group, LLC
Arlington, VA
MBL Technologies Inc
Arlington, VA
Gcyber
Arlington, VA
Eminent It, LLC
Arlington, VA
Industry PPP Comparison Statistics
Nationwide, 30,856 businesses in the "Computer Systems Design Services" industry received a total of $4.34B 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, 96% lower than Excella Inc's reported 244 employees, and received an average PPP loan of $140,715, 93% lower than this company's loan of $2M.
Excella Inc
Entity: Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: Arlington, VA
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Excella Inc is a corporation located at 2300 Wilson Blvd Ste 600 in Arlington, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,940,500.00 in April, 2020.
$
PPP Loan Information
Loan #9101497001
Loan Size:
Jobs Retained:
283Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
Truist BankExcella Inc in Arlington, VA received a Paycheck Protection Loan of $3.94M through Truist 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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Excella Inc's 2019 payroll expenses are estimated to be at least $18.91M.
Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $66,835 per employee1
Reported PPP Proceed Usage:
On the PPP application, Excella Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,940,500
Business Information - Excella Inc in Arlington, VA
2300 Wilson Blvd Ste 600
Arlington, VA 22201
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Arlington
In the Arlington area, 58 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 283) and received an average PPP loan of $309,504 (compared to this company's $3.94M).
Similar Nearby Businesses Who Received PPP Funding:
JAY Brodsky
Arlington, VA
Asap Document Services, LLC
Arlington, VA
Rachel Griffith
Arlington, VA
Jonathon Pendlum
Arlington, VA
Vivo Design Inc
Arlington, VA
Kimberly M. Ross
Arlington, VA
K'S Global Dining, LLC
Arlington, VA
R. L. Banks & Associates, Inc
Arlington, VA
Delmar Enterprises LLC
Arlington, VA
Industry PPP Comparison Statistics
Nationwide, 128,281 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.38B 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 5 employees, 98% lower than Excella Inc's reported 283 employees, and received an average PPP loan of $57,492, 99% lower than this company's loan of $3.94M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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