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.
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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