PPP Loan Data — Equity Prime Mortgage LLC, Atlanta, GA
Equity Prime Mortgage LLC is a limited liability company (LLC) located at 5 Concourse Pkwy in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,831,800.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 348 people during the applicable loan loan period.
$ PPP Loan Information
Equity Prime Mortgage LLC received a Paycheck Protection Loan of $4.83M through ORIGIN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Equity Prime Mortgage LLC's total 2019 payroll expenses were approximately $23.19M in order to qualify for the PPP loan amount received.
Based on their reported 348 jobs retained, this equals an estimated average yearly compensation of $66,646 per employee1.
Business Information - Equity Prime Mortgage LLC in Atlanta, GA
5 Concourse Pkwy
Atlanta, GA 30328
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: GA-06
Similar Companies near Atlanta
In the Atlanta area, 3 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 211 employees (compared to this company's 348) and received an average PPP loan of $3,239,567 (compared to this company's $4.83M).
Similar Nearby Businesses Who Received PPP Funding:
Reliable Home Lenders LLC
Angel Oak Home Loans LLC
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, 94% lower than Equity Prime Mortgage LLC's reported 348 employees, and received an average PPP loan of $334,276, 93% lower than this company's loan of $4.83M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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