PPP Loan Data — Southern Trust Mortgage LLC, Virginia Beach, VA
Southern Trust Mortgage LLC is a limited liability company (LLC) located at 4433 Corporation Lane in Virginia Beach, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,698,388.00 in April, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
Southern Trust Mortgage LLC in Virginia Beach, VA received a Paycheck Protection Loan of $3.7M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southern Trust Mortgage LLC's total 2019 payroll expenses were approximately $17.75M in order to qualify for the PPP loan amount received.
Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $64,088 per employee1.
Business Information - Southern Trust Mortgage LLC in Virginia Beach, VA
4433 Corporation Lane
Virginia Beach, VA 23462
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-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, 92% lower than Southern Trust Mortgage LLC's reported 277 employees, and received an average PPP loan of $334,276, 91% lower than this company's loan of $3.7M.
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Footnotes & Information
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