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PPP Loan Data — Arkansas Democrat-Gazette, Inc,
Little Rock, AR
Arkansas Democrat-Gazette, Inc
Entity: Subchapter S Corporation
Industry: Newspaper Publishers
Location: Little Rock, AR
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Arkansas Democrat-Gazette, Inc is a subchapter s corporation located at Po Box 2221 in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $4,231,200.00 in April, 2020.
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PPP Loan Information
Loan #9827587210
Loan Size:
Jobs Retained:
394Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Simmons BankArkansas Democrat-Gazette, Inc in Little Rock, AR received a Paycheck Protection Loan of $4.23M through Simmons 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 July, 2021.
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, Arkansas Democrat-Gazette, Inc's 2019 payroll expenses are estimated to be at least $20.31M.
Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $51,548 per employee1
Reported PPP Proceed Usage:
On the PPP application, Arkansas Democrat-Gazette, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,231,200
Business Information - Arkansas Democrat-Gazette, Inc in Little Rock, AR
Po Box 2221
Little Rock, AR 72203
Business Industry:
Newspaper Publishers
NAICS code 511110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 9 other businesses that received a PPP loan registered to the same address as Arkansas Democrat-Gazette, Inc.
Banner-News Publishing Company
Newspaper Publishers
Hope Community TV., Inc
Wired Telecommunications Carriers
Cam-Tel Co
Wired Telecommunications Carriers
Tahlequah Cable Television, Inc
Wired Telecommunications Carriers
Vicksburg Video, Inc
Wired Telecommunications Carriers
White County Video, Inc
Wired Telecommunications Carriers
Wehco Digital Services, Inc
Custom Computer Programming Services
Pine Bluff Cable Television, Inc
Wired Telecommunications Carriers
News-Times Publishing Company
Newspaper Publishers
Similar Companies near Little Rock
In the Little Rock area, 10 businesses in the "Newspaper Publishers" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 394) and received an average PPP loan of $1,051,060 (compared to this company's $4.23M).
Similar Nearby Businesses Who Received PPP Funding:
News-Times Publishing Company
Little Rock, AR
Camden News, Inc
Little Rock, AR
Texarkana Newspapers, Inc
Little Rock, AR
Wehco Media, Inc
Little Rock, AR
Chattanooga Publishing Company
Little Rock, AR
Sentinel-Record, Inc
Little Rock, AR
Banner-News Publishing Company
Little Rock, AR
Central Missouri Newspapers, Inc
Little Rock, AR
Northwest Arkansas Newspapers, LLC
Little Rock, AR
Industry PPP Comparison Statistics
Nationwide, 5,132 businesses in the "Newspaper Publishers" industry received a total of $788.4M 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 18 employees, 95% lower than Arkansas Democrat-Gazette, Inc's reported 394 employees, and received an average PPP loan of $153,623, 96% lower than this company's loan of $4.23M.
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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