PPP Loan Data — Cowles Publishing Company, Spokane, WA
Cowles Publishing Company is a sole proprietorship located at 999 W Riverside Ave in Spokane, Washington that received a Coronavirus-related PPP loan from the SBA of $2,408,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Trust Bank
Cowles Publishing Company in Spokane, WA received a Paycheck Protection Loan of $2.41M through Washington Trust Bank, which was approved in April, 2020.
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, Cowles Publishing Company's 2019 payroll expenses are estimated to be at least $11.56M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $23,119 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cowles Publishing Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,408,200
Business Information - Cowles Publishing Company in Spokane, WA
999 W Riverside Ave
Spokane, WA 99201
NAICS code 511110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Spokane
In the Spokane area, 2 businesses in the "Newspaper Publishers" industry received a PPP loan. These local businesses reported an average of 266 employees (compared to this company's 500) and received an average PPP loan of $1,411,850 (compared to this company's $2.41M).
Similar Nearby Businesses Who Received PPP Funding:
Inland Publications Inc
Industry PPP Comparison Statistics
Nationwide, 5,172 businesses in the "Newspaper Publishers" industry received a total of $790.86M 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, 96% lower than Cowles Publishing Company's reported 500 employees, and received an average PPP loan of $152,912, 94% lower than this company's loan of $2.41M.
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Footnotes & Information
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