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PPP Loan Data — Real Time Resolutions, Inc.,
Dallas, TX
Real Time Resolutions, Inc.
Entity: Subchapter S Corporation
Industry: Collection Agencies
Location: Dallas, TX
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Real Time Resolutions, Inc. is a subchapter s corporation located at 1349 Empire Central Dr Ste 150 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $3,114,537.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 271 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
271Loan Approved:
2020-04-27Lender:
VERITEX COMMUNITY BANKReal Time Resolutions, Inc. in Dallas, TX received a Paycheck Protection Loan of $3.11M through VERITEX COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Real Time Resolutions, Inc.'s total 2019 payroll expenses were approximately $14.95M in order to qualify for the PPP loan amount received.
Based on their reported 271 jobs retained, this equals an estimated average yearly compensation of $55,165 per employee1.
Business Information - Real Time Resolutions, Inc. in Dallas, TX
1349 Empire Central Dr Ste 150
Dallas, TX 75247
Business Industry
Collection Agencies (NAICS code 561440)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-33Similar Companies near Dallas
In the Dallas area, 2 businesses in the "Collection Agencies" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 271) and received an average PPP loan of $1,759,269 (compared to this company's $3.11M).
Similar Nearby Businesses Who Received PPP Funding:
Credence Resource Management, LLC
Dallas, TX
Industry PPP Comparison Statistics
Nationwide, 1,688 businesses in the "Collection Agencies" industry received a total of $422,227,575.00 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 20 employees, 93% lower than Real Time Resolutions, Inc.'s reported 271 employees, and received an average PPP loan of $250,135, 92% lower than this company's loan of $3.11M.
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, and is published unmodified, as provided by the SBA.
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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