PPP Loan Data — Integrity Home Mortgage Corporation, Winchester, VA
Integrity Home Mortgage Corporation is a corporation located at 122 Pilot Cir in Winchester, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,041,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 120 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The First Bank and Trust Company
Integrity Home Mortgage Corporation in Winchester, VA received a Paycheck Protection Loan of $2.04M through The First Bank and Trust Company, 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, Integrity Home Mortgage Corporation's 2019 payroll expenses are estimated to be at least $9.8M.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $81,660 per employee1
Reported PPP Proceed Usage:
On the PPP application, Integrity Home Mortgage Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,041,500
Business Information - Integrity Home Mortgage Corporation in Winchester, VA
122 Pilot Cir
Winchester, VA 22602
Real Estate Credit
NAICS code 522292
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,832 businesses in the "Real Estate Credit" industry received a total of $627.92M 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 12 employees, 90% lower than Integrity Home Mortgage Corporation's reported 120 employees, and received an average PPP loan of $163,863, 92% lower than this company's loan of $2.04M.
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Footnotes & Information
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