NY

Simmons-Boardman Publishing Corporation, Inc.

Entity: Corporation

Industry: Periodical Publishers

Location: New York, NY

Tweet This • Search All PPP Data

Simmons-Boardman Publishing Corporation, Inc. is a corporation located at 88 Pine Street, 26th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $637,289.00 in April, 2020.

$ PPP Loan Information

Simmons-Boardman Publishing Corporation, Inc. received a Paycheck Protection Loan of $637,289 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Simmons-Boardman Publishing Corporation, Inc.'s total 2019 payroll expenses were approximately $3.06M in order to qualify for the PPP loan amount received.

Based on their reported 45 jobs retained, this equals an estimated average yearly compensation of $67,977 per employee¹.

Business Information - Simmons-Boardman Publishing Corporation, Inc. in New York, NY

Similar Companies near New York

In the New York area, 9 businesses in the "Periodical Publishers" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 45) and received an average PPP loan of $786,150 (compared to this company's $637,289).

Industry PPP Comparison Statistics

Nationwide, 2,110 businesses in the "Periodical Publishers" industry received a total of $322,626,074.00 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 10 employees, 78% lower than Simmons-Boardman Publishing Corporation, Inc.'s reported 45 employees, and received an average PPP loan of $152,903, 76% lower than this company's loan of $637,289.