PPP Loan Data — Hallmark Home Mortgage LLC, Fort Wayne, IN
Hallmark Home Mortgage LLC is a limited liability company (LLC) located at 7421 Coldwater Road in Fort Wayne, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,771,500.00 in April, 2020.
$ PPP Loan Information
Lender:STAR FINANCIAL BANK
Hallmark Home Mortgage LLC in Fort Wayne, IN received a Paycheck Protection Loan of $2.77M through STAR FINANCIAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hallmark Home Mortgage LLC's total 2019 payroll expenses were approximately $13.3M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $73,498 per employee1.
Business Information - Hallmark Home Mortgage LLC in Fort Wayne, IN
7421 Coldwater Road
Fort Wayne, IN 46825
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-03
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, 88% lower than Hallmark Home Mortgage LLC's reported 181 employees, and received an average PPP loan of $334,276, 88% lower than this company's loan of $2.77M.
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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