PPP Loan Data — First Centennial Mortgage Corporation,
Aurora, IL
First Centennial Mortgage Corporation
Entity: Corporation
Industry: Mortgage and Nonmortgage Loan Brokers
Location: Aurora, IL

First Centennial Mortgage Corporation is a corporation located at 2471 W. Sullivan Rd. in Aurora, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,009,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
295Loan Approved:
2020-04-13Lender:
BMO HARRIS BANK NATIONAL ASSOCIATIONFirst Centennial Mortgage Corporation in Aurora, IL received a Paycheck Protection Loan of $4.01M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, First Centennial Mortgage Corporation's total 2019 payroll expenses were approximately $19.25M in order to qualify for the PPP loan amount received.
Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $65,239 per employee1.
Business Information - First Centennial Mortgage Corporation in Aurora, IL
2471 W. Sullivan Rd.
Aurora, IL 60506
Business Industry
Mortgage and Nonmortgage Loan Brokers (NAICS code 522310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-14Industry PPP Comparison Statistics
Nationwide, 4,330 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a total of $593,727,712.00 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 9 employees, 97% lower than First Centennial Mortgage Corporation's reported 295 employees, and received an average PPP loan of $137,120, 97% lower than this company's loan of $4.01M.
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, 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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