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PPP Loan Data — Xcellence, Inc., Mission, KS

SBA PPP loan data, payroll data, and salaries for Xcellence, Inc.
KS

Xcellence, Inc.

Entity: Corporation

Industry: Data Processing, Hosting, and Related Services

Location: Mission, KS

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Xcellence, Inc. is a corporation located at 5800 Foxridge Drive Suite 406 in Mission, Kansas that received a Coronavirus-related PPP loan from the SBA of $7,130,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.13M

Jobs Retained:

500

Loan Approved:

2020-04-29

Lender:

KEYBANK NATIONAL ASSOCIATION

Xcellence, Inc. in Mission, KS received a Paycheck Protection Loan of $7.13M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Xcellence, Inc.'s total 2019 payroll expenses were approximately $34.22M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $68,450 per employee1.

Because the loan received by Xcellence, Inc. 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 - Xcellence, Inc. in Mission, KS

Xcellence, Inc.
5800 Foxridge Drive Suite 406
Mission, KS 66202

Business Industry

Data Processing, Hosting, and Related Services (NAICS code 518210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KS-03

Similar Companies near Mission

In the Mission area, 2 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 251 employees (compared to this company's 500) and received an average PPP loan of $3,569,600 (compared to this company's $7.13M).

Similar Nearby Businesses Who Received PPP Funding:

Briana Craemer
Mission, KS

$9,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,879 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1,161,307,675.00 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 12 employees, 98% lower than Xcellence, Inc.'s reported 500 employees, and received an average PPP loan of $197,535, 97% lower than this company's loan of $7.13M.

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/xcellence-inc-mission-ks