PPP Loan Data — Providence Title Company, Arlington, TX
Providence Title Company is a corporation located at 5001 Us Highway 287 in Arlington, Texas that received a Coronavirus-related PPP loan from the SBA of $2,946,000.00 in April, 2020.
$ PPP Loan Information
Lender:AFFILIATED BANK, NATIONAL ASSOCIATION
Providence Title Company in Arlington, TX received a Paycheck Protection Loan of $2.95M through AFFILIATED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Providence Title Company's total 2019 payroll expenses were approximately $14.14M in order to qualify for the PPP loan amount received.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $76,852 per employee1.
Business Information - Providence Title Company in Arlington, TX
5001 Us Highway 287
Arlington, TX 76017
Title Abstract and Settlement Offices (NAICS code 541191)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-06
Similar Companies near Arlington
In the Arlington area, 2 businesses in the "Title Abstract and Settlement Offices" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 184) and received an average PPP loan of $1,481,385 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
MC Title, LLC
Industry PPP Comparison Statistics
Nationwide, 4,290 businesses in the "Title Abstract and Settlement Offices" industry received a total of $440,133,288.00 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 8 employees, 96% lower than Providence Title Company's reported 184 employees, and received an average PPP loan of $102,595, 97% lower than this company's loan of $2.95M.
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Footnotes & Information
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