PPP Loan Data — San Fernando Valley Sun Newspapers, LLC, San Fernando, CA
San Fernando Valley Sun Newspapers, LLC is a limited liability company (LLC) located at 1150 San Fernando Rd #100 in San Fernando, California that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Choice Bank
San Fernando Valley Sun Newspapers, LLC in San Fernando, CA received a Paycheck Protection Loan of $45,800 through First Choice 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 May, 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, San Fernando Valley Sun Newspapers, LLC's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,406 per employee1
Reported PPP Proceed Usage:
On the PPP application, San Fernando Valley Sun Newspapers, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - San Fernando Valley Sun Newspapers, LLC in San Fernando, CA
1150 San Fernando Rd #100
San Fernando, CA 91340
NAICS code 511110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,172 businesses in the "Newspaper Publishers" industry received a total of $790.86M 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 18 employees, 157% higher than San Fernando Valley Sun Newspapers, LLC's reported 7 employees, and received an average PPP loan of $152,912, 234% higher than this company's loan of $45,800.
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Footnotes & Information
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