Sound Publishing Inc in Everett, WA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Sound Publishing Inc, Everett, WA

Sound Publishing Inc

Entity: Corporation

Industry: Commercial Printing (except Screen and Books)

Location: Everett, WA

Sound Publishing Inc is a corporation located at 1800 41st St in Everett, Washington that received a Coronavirus-related PPP loan from the SBA of $4,117,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.12M

Jobs Retained:

366

Loan Approved:

2020-04-05

Lender:

COASTAL COMMUNITY BANK

Sound Publishing Inc received a Paycheck Protection Loan of $4.12M through COASTAL COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sound Publishing Inc's total 2019 payroll expenses were approximately $19.77M in order to qualify for the PPP loan amount received.

Based on their reported 366 jobs retained, this equals an estimated average yearly compensation of $54,004 per employee¹.

Because the loan received by Sound Publishing Inc 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 - Sound Publishing Inc in Everett, WA

Sound Publishing Inc
1800 41st St
Everett, WA 98203

Business Industry

Commercial Printing (except Screen and Books) (NAICS code 323111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-02

Industry PPP Comparison Statistics

Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 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 12 employees, 97% lower than Sound Publishing Inc's reported 366 employees, and received an average PPP loan of $149,024, 96% lower than this company's loan of $4.12M.

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.

Search FederalPay's Full PPP Loan Database

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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