PPP Loan Data — Republic State Mortgage Co, Houston, TX
Republic State Mortgage Co is a corporation located at 815 Hawthorne St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,649,202.00 in April, 2020.
$ PPP Loan Information
Lender:VERITEX COMMUNITY BANK
Republic State Mortgage Co in Houston, TX received a Paycheck Protection Loan of $2.65M through VERITEX COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Republic State Mortgage Co's total 2019 payroll expenses were approximately $12.72M in order to qualify for the PPP loan amount received.
Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $71,439 per employee1.
Business Information - Republic State Mortgage Co in Houston, TX
815 Hawthorne St
Houston, TX 77006
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
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, 88% lower than Republic State Mortgage Co's reported 178 employees, and received an average PPP loan of $334,276, 87% lower than this company's loan of $2.65M.
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Footnotes & Information
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