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PPP Loan Data — Hometown Lenders, Huntsville, AL

SBA PPP loan data, payroll data, and salaries for Hometown Lenders

Hometown Lenders

Entity: Corporation

Industry: Mortgage and Nonmortgage Loan Brokers

Location: Huntsville, AL

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Hometown Lenders is a corporation located at 350 The Bridge St in Huntsville, Alabama that received a Coronavirus-related PPP loan from the SBA of $6,878,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 393 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Hometown Lenders in Huntsville, AL received a Paycheck Protection Loan of $6.88M through TRUSTMARK NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hometown Lenders' total 2019 payroll expenses were approximately $33.02M in order to qualify for the PPP loan amount received.

Based on their reported 393 jobs retained, this equals an estimated average yearly compensation of $84,012 per employee1.

Because the loan received by Hometown Lenders 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 - Hometown Lenders in Huntsville, AL

Hometown Lenders
350 The Bridge St
Huntsville, AL 35806

Business Industry

Mortgage and Nonmortgage Loan Brokers (NAICS code 522310)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: NON-VETERAN

Congressional District: AL-05

Industry PPP Comparison Statistics

Nationwide, 4,330 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a total of $593,727,712.00 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 9 employees, 98% lower than Hometown Lenders' reported 393 employees, and received an average PPP loan of $137,120, 98% lower than this company's loan of $6.88M.

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 - The Civil Employee's Resource **