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PPP Loan Data — Hallmark Management Inc, Atlanta, GA

SBA PPP loan data, payroll data, and salaries for Hallmark Management Inc
GA

Hallmark Management Inc

Entity: Corporation

Industry: Lessors of Residential Buildings and Dwellings

Location: Atlanta, GA

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Hallmark Management Inc is a corporation located at 3111 Paces Mill Road Suite A250 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,641,426.00 in April, 2020.

The company has reported itself as a White owned business, and employed at least 404 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.64M

Jobs Retained:

404

Loan Approved:

2020-04-06

Lender:

FIRST HORIZON BANK

Hallmark Management Inc received a Paycheck Protection Loan of $2.64M through FIRST HORIZON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hallmark Management Inc's total 2019 payroll expenses were approximately $12.68M in order to qualify for the PPP loan amount received.

Based on their reported 404 jobs retained, this equals an estimated average yearly compensation of $31,383 per employee1.

Because the loan received by Hallmark Management Inc 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 Management Inc in Atlanta, GA

Hallmark Management Inc
3111 Paces Mill Road Suite A250
Atlanta, GA 30339

Business Industry

Lessors of Residential Buildings and Dwellings (NAICS code 531110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-11

Similar Companies near Atlanta

In the Atlanta area, 12 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 404) and received an average PPP loan of $316,596 (compared to this company's $2.64M).

Industry PPP Comparison Statistics

Nationwide, 20,568 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $1,664,555,814.00 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 8 employees, 98% lower than Hallmark Management Inc's reported 404 employees, and received an average PPP loan of $80,929, 97% lower than this company's loan of $2.64M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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-management-inc-atlanta-ga