PPP Loan Data — Newsday LLC, Melville, NY
Newsday LLC is a limited liability company (LLC) located at 6 Corp Center Drive in Melville, New York that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Newsday LLC received a Paycheck Protection Loan of $10M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Newsday LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Newsday LLC in Melville, NY
6 Corp Center Drive
Melville, NY 11747
Newspaper Publishers (NAICS code 511110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-03
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, 97% lower than Newsday LLC's reported 500 employees, and received an average PPP loan of $141,431, 99% lower than this company's loan of $10M.
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Footnotes & Information
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