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PPP Loan Data — Exclusive Jets, LLC, Kinston, NC

SBA PPP loan data, payroll data, and salaries for Exclusive Jets, LLC

Exclusive Jets, LLC

Entity: Limited Liability Company (LLC)

Industry: Nonscheduled Chartered Passenger Air Transportation

Location: Kinston, NC

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Exclusive Jets, 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 - Exclusive Jets, LLC in Kinston, NC

Exclusive Jets, LLC
2860 Jetport Rd.
Kinston, NC 28504

Business Industry

Nonscheduled Chartered Passenger Air Transportation (NAICS code 481211)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: Unreported

Congressional 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).

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.

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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 - The Civil Employee's Resource **