PPP Loan Data — Mid America Mortgage, Inc, Addison, TX
Mid America Mortgage, Inc is a corporation located at 15301 Spectrum Dr in Addison, Texas that received a Coronavirus-related PPP loan from the SBA of $6,178,000.00 in April, 2020.
$ PPP Loan Information
Mid America Mortgage, Inc in Addison, TX received a Paycheck Protection Loan of $6.18M through ORIGIN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mid America Mortgage, Inc's total 2019 payroll expenses were approximately $29.65M in order to qualify for the PPP loan amount received.
Based on their reported 439 jobs retained, this equals an estimated average yearly compensation of $67,550 per employee1.
Business Information - Mid America Mortgage, Inc in Addison, TX
15301 Spectrum Dr
Addison, TX 75001
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
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, 95% lower than Mid America Mortgage, Inc's reported 439 employees, and received an average PPP loan of $334,276, 95% lower than this company's loan of $6.18M.
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Footnotes & Information
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