PPP Loan Data — TJC Mortgage, Inc, Birmingham, AL
TJC Mortgage, Inc is a corporation located at 1 Perimeter Park in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $1,999,000.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least 201 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
TJC Mortgage, Inc in Birmingham, AL received a Paycheck Protection Loan of $2M through Millennial Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, TJC Mortgage, Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $47,737 per employee1
Reported PPP Proceed Usage:
On the PPP application, TJC Mortgage, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,000
Business Information - TJC Mortgage, Inc in Birmingham, AL
1 Perimeter Park
Birmingham, AL 35243
Mortgage and Nonmortgage Loan Brokers
NAICS code 522310
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Birmingham
In the Birmingham area, 10 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 201) and received an average PPP loan of $309,861 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Classic Home Mortgage Inc
Hanna Austin Salter
Birmingham Mortgage Group, LLC
Highland Commercial Mortgage LLC
Industry PPP Comparison Statistics
Nationwide, 6,723 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a total of $679.39M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 96% lower than TJC Mortgage, Inc's reported 201 employees, and received an average PPP loan of $101,055, 95% lower than this company's loan of $2M.
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Footnotes & Information
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