PPP Loan Data — News & Views USA, Inc, Villa Rica, GA
News & Views USA, Inc is a corporation located at 3155 Waterplace Cove in Villa Rica, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,301.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
News & Views USA, Inc in Villa Rica, GA received a Paycheck Protection Loan of $25,301 through Cross River Bank, 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, News & Views USA, Inc's 2019 payroll expenses are estimated to be at least $121,445.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,482 per employee1
Reported PPP Proceed Usage:
On the PPP application, News & Views USA, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,301
Business Information - News & Views USA, Inc in Villa Rica, GA
3155 Waterplace Cove
Villa Rica, GA 30180
NAICS code 511120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,897 businesses in the "Periodical Publishers" industry received a total of $496.81M 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 10 employees, 233% higher than News & Views USA, Inc's reported 3 employees, and received an average PPP loan of $127,486, 404% higher than this company's loan of $25,301.
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Footnotes & Information
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