PPP Loan Data — VIP Mortgage, Inc, Scottsdale, AZ
VIP Mortgage, Inc is a corporation located at 9921 E Via De Ventura in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $6,626,000.00 in April, 2020.
$ PPP Loan Information
Lender:MERCHANTS BANK OF INDIANA
VIP Mortgage, Inc in Scottsdale, AZ received a Paycheck Protection Loan of $6.63M through MERCHANTS BANK OF INDIANA, which was approved in April, 2020.
Based on standard PPP eligibility rules, VIP Mortgage, Inc's total 2019 payroll expenses were approximately $31.8M in order to qualify for the PPP loan amount received.
Based on their reported 441 jobs retained, this equals an estimated average yearly compensation of $72,120 per employee1.
Business Information - VIP Mortgage, Inc in Scottsdale, AZ
9921 E Via De Ventura
Scottsdale, AZ 85258
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-06
Similar Companies near Scottsdale
In the Scottsdale area, 2 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 224 employees (compared to this company's 441) and received an average PPP loan of $3,382,448 (compared to this company's $6.63M).
Similar Nearby Businesses Who Received PPP Funding:
Galaxy Lending Group LLC
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, 95% lower than VIP Mortgage, Inc's reported 441 employees, and received an average PPP loan of $334,276, 95% lower than this company's loan of $6.63M.
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Footnotes & Information
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