PPP Loan Data — XL Fire Protection Company, Santa Ana, CA
XL Fire Protection Company is a corporation located at 3022 N. Hesperian Way in Santa Ana, California that received a Coronavirus-related PPP loan from the SBA of $1,695,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 145 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
XL Fire Protection Company in Santa Ana, CA received a Paycheck Protection Loan of $1.7M through CommerceWest 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 June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, XL Fire Protection Company's 2019 payroll expenses are estimated to be at least $8.14M.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $56,110 per employee1
Reported PPP Proceed Usage:
On the PPP application, XL Fire Protection Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,695,000
Business Information - XL Fire Protection Company in Santa Ana, CA
3022 N. Hesperian Way
Santa Ana, CA 92706
NAICS code 922160
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Santa Ana
In the Santa Ana area, 3 businesses in the "Fire Protection" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 145) and received an average PPP loan of $613,130 (compared to this company's $1.7M).
Similar Nearby Businesses Who Received PPP Funding:
So Cal Fire Protection Inc
14102 Santa Ana, CA
Baker Company Constructors Inc
Santa Ana, CA
Industry PPP Comparison Statistics
Nationwide, 2,193 businesses in the "Fire Protection" industry received a total of $291.23M 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 13 employees, 91% lower than XL Fire Protection Company's reported 145 employees, and received an average PPP loan of $132,800, 92% lower than this company's loan of $1.7M.
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Footnotes & Information
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