PPP Loan Data — Allied Mortgage Group, Inc., Bala Cynwyd, PA
Allied Mortgage Group, Inc. is a subchapter s corporation located at 225 E City Ave in Bala Cynwyd, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,957,600.00 in April, 2020.
$ PPP Loan Information
Lender:UNIVEST BANK AND TRUST CO.
Allied Mortgage Group, Inc. received a Paycheck Protection Loan of $2.96M through UNIVEST BANK AND TRUST CO., which was approved in April, 2020.
Based on standard PPP eligibility rules, Allied Mortgage Group, Inc.'s total 2019 payroll expenses were approximately $14.2M in order to qualify for the PPP loan amount received.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $69,933 per employee1.
Business Information - Allied Mortgage Group, Inc. in Bala Cynwyd, PA
225 E City Ave
Bala Cynwyd, PA 19004
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-03
Similar Companies near Bala Cynwyd
In the Bala Cynwyd area, 4 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 203) and received an average PPP loan of $774,450 (compared to this company's $2.96M).
Similar Nearby Businesses Who Received PPP Funding:
Real Estate Alchemy Group, LTD
Bala Cynwyd, PA
Center City Mortgage & Investments
Bala Cynwyd, PA
Legacy Capital LLC
Bala Cynwyd, PA
Industry PPP Comparison Statistics
Nationwide, 1,706 businesses in the "Real Estate Credit" industry received a total of $570,275,600.00 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 21 employees, 90% lower than Allied Mortgage Group, Inc.'s reported 203 employees, and received an average PPP loan of $334,276, 89% lower than this company's loan of $2.96M.
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.
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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