PPP Loan Data — Mortgage Investors Group Inc, Knoxville, TN
Mortgage Investors Group Inc is a partnership located at 8320 E Walker Springs Ln in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $6,160,385.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Mortgage Investors Group Inc in Knoxville, TN received a Paycheck Protection Loan of $6.16M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mortgage Investors Group Inc's total 2019 payroll expenses were approximately $29.57M in order to qualify for the PPP loan amount received.
Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $75,050 per employee1.
Business Information - Mortgage Investors Group Inc in Knoxville, TN
8320 E Walker Springs Ln
Knoxville, TN 37923
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-02
Similar Companies near Knoxville
In the Knoxville area, 3 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 394) and received an average PPP loan of $2,122,117 (compared to this company's $6.16M).
Similar Nearby Businesses Who Received PPP Funding:
Paula Patterson Wells DBA Paula Patterson Wells
First Southern Mortgage Corp. Of Tennessee
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 Mortgage Investors Group Inc's reported 394 employees, and received an average PPP loan of $334,276, 95% lower than this company's loan of $6.16M.
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