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PPP Loan Data — BDG Media, Inc., New York, NY

SBA PPP loan data, payroll data, and salaries for BDG Media, Inc.
NY

BDG Media, Inc.

Entity: Corporation

Industry: Internet Publishing and Broadcasting and Web Search Portals

Location: New York, NY

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BDG Media, Inc. is a corporation located at 315 Park Avenue South, 12th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $7,467,742.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.47M

Jobs Retained:

450

Loan Approved:

2020-04-16

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

BDG Media, Inc. in New York, NY received a Paycheck Protection Loan of $7.47M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, BDG Media, Inc.'s total 2019 payroll expenses were approximately $35.85M in order to qualify for the PPP loan amount received.

Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $79,656 per employee1.

Because the loan received by BDG Media, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - BDG Media, Inc. in New York, NY

BDG Media, Inc.
315 Park Avenue South, 12th Floor
New York, NY 10010

Business Industry

Internet Publishing and Broadcasting and Web Search Portals (NAICS code 519130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near New York

In the New York area, 12 businesses in the "Internet Publishing and Broadcasting and Web Search Portals" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 450) and received an average PPP loan of $1,310,824 (compared to this company's $7.47M).

Industry PPP Comparison Statistics

Nationwide, 3,039 businesses in the "Internet Publishing and Broadcasting and Web Search Portals" industry received a total of $418,947,833.00 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 8 employees, 98% lower than BDG Media, Inc.'s reported 450 employees, and received an average PPP loan of $137,857, 98% lower than this company's loan of $7.47M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bdg-media-inc-new-york-ny