PPP Loan Data — LLC's Publishing Corp, Brooklyn, NY
LLC's Publishing Corp is a subchapter s corporation located at 2071 Flatbush Ave Ste 189 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $46,875.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
LLC's Publishing Corp in Brooklyn, NY received a Paycheck Protection Loan of $46,875 through JPMorgan Chase Bank, National Association, which was approved in May, 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, LLC's Publishing Corp's 2019 payroll expenses are estimated to be at least $225,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,250 per employee1
Reported PPP Proceed Usage:
On the PPP application, LLC's Publishing Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,500
- Utilities: $1,100
- Rent: $4,800
- Debt Interest: $3,475
Business Information - LLC's Publishing Corp in Brooklyn, NY
2071 Flatbush Ave Ste 189
Brooklyn, NY 11234
All Other Publishers
NAICS code 511199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 7 businesses in the "All Other Publishers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $24,330 (compared to this company's $46,875).
Similar Nearby Businesses Who Received PPP Funding:
Quick Dial Inc
Industry PPP Comparison Statistics
Nationwide, 5,560 businesses in the "All Other Publishers" industry received a total of $323.85M 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 5 employees, 25% higher than LLC's Publishing Corp's reported 4 employees, and received an average PPP loan of $58,247, 24% higher than this company's loan of $46,875.
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