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PPP Loan Data — Xlcusive Staffing Of Texas LLC,
Fort Worth, TX
Xlcusive Staffing Of Texas LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Fort Worth, TX
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Xlcusive Staffing Of Texas LLC is a limited liability company (LLC) located at 4200 South Fwy in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $6,880,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-11Lender:
CADENCE BANK, NATIONAL ASSOCIATIONXlcusive Staffing Of Texas LLC in Fort Worth, TX received a Paycheck Protection Loan of $6.88M through CADENCE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Xlcusive Staffing Of Texas LLC's total 2019 payroll expenses were approximately $33.02M 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 $66,048 per employee1.
Business Information - Xlcusive Staffing Of Texas LLC in Fort Worth, TX
4200 South Fwy
Fort Worth, TX 76115
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-33Similar Companies near Fort Worth
In the Fort Worth area, 19 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 500) and received an average PPP loan of $395,643 (compared to this company's $6.88M).
Similar Nearby Businesses Who Received PPP Funding:
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SAI Fort Worth Hotel LLC
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Shree Vitraj LLC
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Prospect Hotel Group
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Green Oaks Hospitality, LLC
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Shraddha LP
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Greenview Inn Investment
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Petro States Hospitality Group LLC
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Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 96% lower than Xlcusive Staffing Of Texas LLC's reported 500 employees, and received an average PPP loan of $161,149, 98% lower than this company's loan of $6.88M.
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.
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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