PPP Loan Data — Exclusive Jets, LLC, Kinston, NC
Exclusive Jets, LLC
Entity: Limited Liability Company (LLC)
Location: Kinston, NCTweet This • Search All PPP Data
Exclusive Jets, LLC is a limited liability company (LLC) located at 2860 Jetport Rd. in Kinston, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,152,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 277 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST NATIONAL BANK OF PENNSYLVANIA
Exclusive Jets, LLC received a Paycheck Protection Loan of $4.15M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Exclusive Jets, LLC's total 2019 payroll expenses were approximately $19.93M in order to qualify for the PPP loan amount received.
Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $71,962 per employee1.
Business Information - Exclusive Jets, LLC in Kinston, NC
2860 Jetport Rd.
Kinston, NC 28504
Nonscheduled Chartered Passenger Air Transportation (NAICS code 481211)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NC-03
Similar Companies near Kinston
In the Kinston area, 6 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 277) and received an average PPP loan of $761,117 (compared to this company's $4.15M).
Similar Nearby Businesses Who Received PPP Funding:
Carolina Air Center, LLC
Kinston Jet Center, LLC
LGM Enterprises, LLC
Crystal Coast Aviation, LLC
Sky Night, LLC
Industry PPP Comparison Statistics
Nationwide, 731 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a total of $238,649,021.00 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 20 employees, 93% lower than Exclusive Jets, LLC's reported 277 employees, and received an average PPP loan of $326,469, 92% lower than this company's loan of $4.15M.
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.
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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