PPP Loan Data — Xylem, Inc., Norfolk, VA
Xylem, Inc. is a corporation located at 208 Plume St in Norfolk, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,536,864.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:SOUTHERN BANK AND TRUST COMPANY
Xylem, Inc. received a Paycheck Protection Loan of $3.54M through SOUTHERN BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Xylem, Inc.'s total 2019 payroll expenses were approximately $16.98M in order to qualify for the PPP loan amount received.
Unlike most businesses, Xylem, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Xylem, Inc. in Norfolk, VA
208 Plume St
Norfolk, VA 23510
Landscaping Services (NAICS code 561730)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-03
Similar Companies near Norfolk
In the Norfolk area, 2 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 0) and received an average PPP loan of $1,787,182 (compared to this company's $3.54M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 46,451 businesses in the "Landscaping Services" industry received a total of $3,497,785,424.00 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 9 employees, and received an average PPP loan of $75,301, 98% lower than this company's loan of $3.54M.
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Footnotes & Information
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