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PPP Loan Data — Hallmark Home Mortgage LLC, Fort Wayne, IN

SBA PPP loan data, payroll data, and salaries for Hallmark Home Mortgage LLC
IN

Hallmark Home Mortgage LLC

Entity: Limited Liability Company (LLC)

Industry: Real Estate Credit

Location: Fort Wayne, IN

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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

Loan Size:

$2.77M

Jobs Retained:

181

Loan Approved:

2020-04-04

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.

Because the loan received by Hallmark Home Mortgage LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Hallmark Home Mortgage LLC in Fort Wayne, IN

Hallmark Home Mortgage LLC
7421 Coldwater Road
Fort Wayne, IN 46825

Business Industry

Real Estate Credit (NAICS code 522292)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hallmark-home-mortgage-llc-fort-wayne-in