PPP Loan Data — First Heritage Credit, LLC, Ridgeland, MS
First Heritage Credit, LLC is a limited liability company (LLC) located at 605 Crescent Blvd in Ridgeland, Mississippi that received a Coronavirus-related PPP loan from the SBA of $4,700,015.00 in April, 2020.
$ PPP Loan Information
Lender:TRUSTMARK NATIONAL BANK
First Heritage Credit, LLC in Ridgeland, MS received a Paycheck Protection Loan of $4.7M through TRUSTMARK NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, First Heritage Credit, LLC's total 2019 payroll expenses were approximately $22.56M in order to qualify for the PPP loan amount received.
Based on their reported 482 jobs retained, this equals an estimated average yearly compensation of $46,805 per employee1.
Business Information - First Heritage Credit, LLC in Ridgeland, MS
605 Crescent Blvd
Ridgeland, MS 39157
Consumer Lending (NAICS code 522291)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MS-03
Similar Companies near Ridgeland
In the Ridgeland area, 3 businesses in the "Consumer Lending" industry received a PPP loan. These local businesses reported an average of 167 employees (compared to this company's 482) and received an average PPP loan of $1,601,581 (compared to this company's $4.7M).
Similar Nearby Businesses Who Received PPP Funding:
Auto Title Loans Too, Inc.
A-1 Check Cashing Inc Of Ridgeland
Industry PPP Comparison Statistics
Nationwide, 1,653 businesses in the "Consumer Lending" industry received a total of $270,440,458.00 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 13 employees, 97% lower than First Heritage Credit, LLC's reported 482 employees, and received an average PPP loan of $163,606, 97% lower than this company's loan of $4.7M.
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Footnotes & Information
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