PPP Loan Data — Home Trust Mortgage Company, Houston, TX
Home Trust Mortgage Company is a corporation located at 5353 W Alabama in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,997,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Texas Citizens Bank, National Association
Home Trust Mortgage Company in Houston, TX received a Paycheck Protection Loan of $2M through Texas Citizens Bank, National Association, 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, Home Trust Mortgage Company's 2019 payroll expenses are estimated to be at least $9.59M.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $61,446 per employee1
Reported PPP Proceed Usage:
On the PPP application, Home Trust Mortgage Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,997,000
Business Information - Home Trust Mortgage Company in Houston, TX
5353 W Alabama
Houston, TX 77056
Mortgage and Nonmortgage Loan Brokers
NAICS code 522310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 9 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 156) and received an average PPP loan of $298,954 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Prime Management. Inc
Laraby Financial Group, Inc
GBM International Inc
San Felipe Mortgage Capital, LP
Matador Lending LLC
Jason Bartlein DBA Bolder Capital
Security America Mortgage, Inc
Mortgage Complete LLC
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 Home Trust Mortgage Company's reported 156 employees, and received an average PPP loan of $101,055, 95% lower than this company's loan of $2M.
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Footnotes & Information
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