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PPP Loan Data — Atlas Mortgage Lending LLC, San Francisco, CA

SBA PPP loan data, payroll data, and salaries for Atlas Mortgage Lending LLC
CA

Atlas Mortgage Lending LLC

Entity: Limited Liability Company (LLC)

Industry: Real Estate Credit

Location: San Francisco, CA

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Atlas Mortgage Lending LLC is a limited liability company (LLC) located at 180 Redwood Street in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $8,821,422.00 in April, 2020.

The company has reported itself as a female owned business.

$ PPP Loan Information

Loan Size:

$8.82M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-07

Lender:

CUSTOMERS BANK

Atlas Mortgage Lending LLC received a Paycheck Protection Loan of $8.82M through CUSTOMERS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Atlas Mortgage Lending LLC's total 2019 payroll expenses were approximately $42.34M in order to qualify for the PPP loan amount received.

Unlike most businesses, Atlas Mortgage Lending LLC'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.

Because the loan received by Atlas Mortgage Lending LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Atlas Mortgage Lending LLC in San Francisco, CA

Atlas Mortgage Lending LLC
180 Redwood Street
San Francisco, CA 94102

Business Industry

Real Estate Credit (NAICS code 522292)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 2 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 0 employees (compared to this company's 0) and received an average PPP loan of $4,442,011 (compared to this company's $8.82M).

Similar Nearby Businesses Who Received PPP Funding:

Trust Deed Investments, Inc.
San Francisco, CA

$62,600 PPP Loan

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, and received an average PPP loan of $334,276, 96% lower than this company's loan of $8.82M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/atlas-mortgage-lending-llc-san-francisco-ca