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PPP Loan Data — Real Time Resolutions, Inc., Dallas, TX

SBA PPP loan data, payroll data, and salaries for Real Time Resolutions, Inc.
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:

$3.11M

Jobs Retained:

271

Loan Approved:

2020-04-27

Lender:

VERITEX COMMUNITY BANK

Real 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.

Because the loan received by Real Time Resolutions, Inc. 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 - Real Time Resolutions, Inc. in Dallas, TX

Real Time Resolutions, Inc.
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-33

Similar 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

$404,000 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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/real-time-resolutions-inc-dallas-tx