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PPP Loan Data — Sonoma Media Investments, LLC, Santa Rosa, CA

SBA PPP loan data, payroll data, and salaries for Sonoma Media Investments, LLC
CA

Sonoma Media Investments, LLC

Entity: Limited Liability Company (LLC)

Industry: Newspaper Publishers

Location: Santa Rosa, CA

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Sonoma Media Investments, LLC is a limited liability company (LLC) located at 427 Mendocino Ave in Santa Rosa, California that received a Coronavirus-related PPP loan from the SBA of $3,377,543.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 273 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.38M

Jobs Retained:

273

Loan Approved:

2020-04-14

Lender:

EXCHANGE BANK

Sonoma Media Investments, LLC received a Paycheck Protection Loan of $3.38M through EXCHANGE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sonoma Media Investments, LLC's total 2019 payroll expenses were approximately $16.21M in order to qualify for the PPP loan amount received.

Based on their reported 273 jobs retained, this equals an estimated average yearly compensation of $59,385 per employee1.

Because the loan received by Sonoma Media Investments, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sonoma Media Investments, LLC in Santa Rosa, CA

Sonoma Media Investments, LLC
427 Mendocino Ave
Santa Rosa, CA 95401

Business Industry

Newspaper Publishers (NAICS code 511110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-05

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, 95% lower than Sonoma Media Investments, LLC's reported 273 employees, and received an average PPP loan of $141,431, 96% lower than this company's loan of $3.38M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sonoma-media-investments-llc-santa-rosa-ca