PPP Loan Data — JG Media, Pflugerville, TX
JG Media is a joint venture located at 16225 Impact Way, Ste. 1 in Pflugerville, Texas that received a Coronavirus-related PPP loan from the SBA of $2,748,700.00 in April, 2020.
$ PPP Loan Information
JG Media received a Paycheck Protection Loan of $2.75M through R BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, JG Media's total 2019 payroll expenses were approximately $13.19M in order to qualify for the PPP loan amount received.
Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $62,530 per employee1.
Business Information - JG Media in Pflugerville, TX
16225 Impact Way, Ste. 1
Pflugerville, TX 78660
Newspaper Publishers (NAICS code 511110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-10
Similar Companies near Pflugerville
In the Pflugerville area, 2 businesses in the "Newspaper Publishers" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 211) and received an average PPP loan of $1,486,200 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
JG Media National, LLC
Industry PPP Comparison Statistics
Nationwide, 2,840 businesses in the "Newspaper Publishers" industry received a total of $401,663,111.00 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 14 employees, 93% lower than JG Media's reported 211 employees, and received an average PPP loan of $141,431, 95% lower than this company's loan of $2.75M.
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.
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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