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PPP Loan Data — AMI Celebrity Publications LLC,
Boca Raton, FL
AMI Celebrity Publications LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Publishers
Location: Boca Raton, FL
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AMI Celebrity Publications LLC is a limited liability company (LLC) located at 1000 American Media Way in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $4,174,290.00 in April, 2020.
$
PPP Loan Information
Loan #2326577305
Loan Size:
Jobs Retained:
269Loan Approved:
2020-04-29Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationAMI Celebrity Publications LLC in Boca Raton, FL received a Paycheck Protection Loan of $4.17M through Bank of America, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, AMI Celebrity Publications LLC's 2019 payroll expenses are estimated to be at least $20.04M.
Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $74,485 per employee1
Reported PPP Proceed Usage:
On the PPP application, AMI Celebrity Publications LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,174,290
Business Information - AMI Celebrity Publications LLC in Boca Raton, FL
1000 American Media Way
Boca Raton, FL 33464
Business Industry:
All Other Publishers
NAICS code 511199
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as AMI Celebrity Publications LLC.
Weider Publications LLC
All Other Publishers
American Media LLC
All Other Publishers
Similar Companies near Boca Raton
In the Boca Raton area, 8 businesses in the "All Other Publishers" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 269) and received an average PPP loan of $1,110,421 (compared to this company's $4.17M).
Similar Nearby Businesses Who Received PPP Funding:
Kreole Kamp Inc
Greenacres, FL
Essential Publishing Group LLC
Lake Worth, FL
Weider Publications LLC
Boca Raton, FL
Nadege Quettant
Greenacres, FL
American Media LLC
Boca Raton, FL
Alvin Ramsundar
Greenacres, FL
Luis Panesso
Lake Worth, FL
Industry PPP Comparison Statistics
Nationwide, 5,543 businesses in the "All Other Publishers" industry received a total of $323.53M 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 5 employees, 98% lower than AMI Celebrity Publications LLC's reported 269 employees, and received an average PPP loan of $58,367, 99% lower than this company's loan of $4.17M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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