PPP Loan Data — Lewis Communications Inc, Mobile, AL
Lewis Communications Inc is a corporation located at 1668 Government St in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $1,872,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lewis Communications Inc in Mobile, AL received a Paycheck Protection Loan of $1.87M through ServisFirst 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 January, 2021.
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, Lewis Communications Inc's 2019 payroll expenses are estimated to be at least $8.99M.
Based on their reported 131 jobs retained, this equals an estimated average yearly compensation of $68,592 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lewis Communications Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,605,000
- Utilities: $4,000
- Rent: $241,000
- Debt Interest: $22,000
Business Information - Lewis Communications Inc in Mobile, AL
1668 Government St
Mobile, AL 36604
NAICS code 541810
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mobile
In the Mobile area, 15 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 131) and received an average PPP loan of $166,086 (compared to this company's $1.87M).
Similar Nearby Businesses Who Received PPP Funding:
Hummingbird Ideas, Inc
VIC Production LLC
Darcy Anne Dean DBA Dean Media Solutions
Dean Media Solutions
Pixallure Design LLC
AD Photography - Graphic Design
D Groupe LLC
Industry PPP Comparison Statistics
Nationwide, 24,012 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 95% lower than Lewis Communications Inc's reported 131 employees, and received an average PPP loan of $99,714, 95% lower than this company's loan of $1.87M.
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Footnotes & Information
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