PPP Loan Data — Paddock Publications, Inc, Arlington Heights, IL
Paddock Publications, Inc is a subchapter s corporation located at Po Box 280 in Arlington Heights, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,001,770.00 in April, 2020.
$ PPP Loan Information
Lender:VILLAGE BANK AND TRUST, NATIONAL ASSOCIATION
Paddock Publications, Inc received a Paycheck Protection Loan of $4M through VILLAGE BANK AND TRUST, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Paddock Publications, Inc's total 2019 payroll expenses were approximately $19.21M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $76,834 per employee1.
Business Information - Paddock Publications, Inc in Arlington Heights, IL
Po Box 280
Arlington Heights, IL 60006
Newspaper Publishers (NAICS code 511110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-09
Similar Companies near Arlington Heights
In the Arlington Heights area, 2 businesses in the "Newspaper Publishers" industry received a PPP loan. These local businesses reported an average of 126 employees (compared to this company's 250) and received an average PPP loan of $2,003,285 (compared to this company's $4M).
Similar Nearby Businesses Who Received PPP Funding:
The Chicago Shimpo, Nfp
Arlington Heights, IL
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, 94% lower than Paddock Publications, Inc's reported 250 employees, and received an average PPP loan of $141,431, 96% lower than this company's loan of $4M.
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Footnotes & Information
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