PPP Loan Data — Goprime Mortgage, Inc, Apex, NC
Goprime Mortgage, Inc is a corporation located at 320 North Salem Street Suite 300 in Apex, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,291,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Goprime Mortgage, Inc in Apex, NC received a Paycheck Protection Loan of $2.29M through Towne Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Goprime Mortgage, Inc's 2019 payroll expenses are estimated to be at least $11M.
Based on their reported 159 jobs retained, this equals an estimated average yearly compensation of $69,177 per employee1
Reported PPP Proceed Usage:
On the PPP application, Goprime Mortgage, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,291,500
Business Information - Goprime Mortgage, Inc in Apex, NC
320 North Salem Street Suite 300
Apex, NC 27502
Mortgage and Nonmortgage Loan Brokers
NAICS code 522310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,723 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a total of $679.39M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 95% lower than Goprime Mortgage, Inc's reported 159 employees, and received an average PPP loan of $101,055, 96% lower than this company's loan of $2.29M.
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Footnotes & Information
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