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PPP Loan Data — XEC, LLC, Orlando, FL

SBA PPP loan data, payroll data, and salaries for XEC, LLC
FL

XEC, LLC

Entity: Limited Liability Company (LLC)

Industry: Medicinal and Botanical Manufacturing

Location: Orlando, FL

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XEC, LLC is a limited liability company (LLC) located at 6900 Kingspointe Pkwy in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $4,054,483.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.05M

Jobs Retained:

422

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

XEC, LLC received a Paycheck Protection Loan of $4.05M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, XEC, LLC's total 2019 payroll expenses were approximately $19.46M in order to qualify for the PPP loan amount received.

Based on their reported 422 jobs retained, this equals an estimated average yearly compensation of $46,117 per employee1.

Because the loan received by XEC, 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 - XEC, LLC in Orlando, FL

XEC, LLC
6900 Kingspointe Pkwy
Orlando, FL 32819

Business Industry

Medicinal and Botanical Manufacturing (NAICS code 325411)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-10

Similar Companies near Orlando

In the Orlando area, 2 businesses in the "Medicinal and Botanical Manufacturing" industry received a PPP loan. These local businesses reported an average of 213 employees (compared to this company's 422) and received an average PPP loan of $2,030,595 (compared to this company's $4.05M).

Similar Nearby Businesses Who Received PPP Funding:

Cosmetic Supplies USA Inc
Orlando, FL

$6,707 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 591 businesses in the "Medicinal and Botanical Manufacturing" industry received a total of $143,662,816.00 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 19 employees, 95% lower than XEC, LLC's reported 422 employees, and received an average PPP loan of $243,084, 94% lower than this company's loan of $4.05M.

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.

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/xec-llc-orlando-fl