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PPP Loan Data — Nations Direct Mortgage, LLC, Santa Ana, CA

SBA PPP loan data, payroll data, and salaries for Nations Direct Mortgage, LLC
CA

Nations Direct Mortgage, LLC

Entity: Limited Liability Company (LLC)

Industry: Consumer Lending

Location: Santa Ana, CA

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Nations Direct Mortgage, LLC is a limited liability company (LLC) located at 5 Hutton Centre Drive in Santa Ana, California that received a Coronavirus-related PPP loan from the SBA of $2,646,810.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 174 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.65M

Jobs Retained:

174

Loan Approved:

2020-04-27

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

Nations Direct Mortgage, LLC received a Paycheck Protection Loan of $2.65M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Nations Direct Mortgage, LLC's total 2019 payroll expenses were approximately $12.7M in order to qualify for the PPP loan amount received.

Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $73,015 per employee1.

Because the loan received by Nations Direct Mortgage, LLC 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 - Nations Direct Mortgage, LLC in Santa Ana, CA

Nations Direct Mortgage, LLC
5 Hutton Centre Drive
Santa Ana, CA 92707

Business Industry

Consumer Lending (NAICS code 522291)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: CA-46

Industry PPP Comparison Statistics

Nationwide, 1,653 businesses in the "Consumer Lending" industry received a total of $270,440,458.00 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 13 employees, 93% lower than Nations Direct Mortgage, LLC's reported 174 employees, and received an average PPP loan of $163,606, 94% lower than this company's loan of $2.65M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/nations-direct-mortgage-llc-santa-ana-ca