PPP Loan Data — Xylem, Inc, Norfolk, VA
Xylem, Inc is a corporation located at 208 Plume St Suite 250 in Norfolk, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,536,864.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Southern Bank and Trust Company
Xylem, Inc in Norfolk, VA received a Paycheck Protection Loan of $3.54M through Southern Bank and Trust Company, which was approved in April, 2020.
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, Xylem, Inc's 2019 payroll expenses are estimated to be at least $16.98M.
Based on their reported 433 jobs retained, this equals an estimated average yearly compensation of $39,208 per employee1
Reported PPP Proceed Usage:
On the PPP application, Xylem, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,536,864
Business Information - Xylem, Inc in Norfolk, VA
208 Plume St Suite 250
Norfolk, VA 23510
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Norfolk
In the Norfolk area, 3 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 433) and received an average PPP loan of $1,203,140 (compared to this company's $3.54M).
Similar Nearby Businesses Who Received PPP Funding:
Paloma's Garden Landscape Service, LLC
Industry PPP Comparison Statistics
Nationwide, 131,953 businesses in the "Landscaping Services" industry received a total of $5.9B 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 6 employees, 99% lower than Xylem, Inc's reported 433 employees, and received an average PPP loan of $44,711, 99% lower than this company's loan of $3.54M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!