PPP Loan Data — Summitmedia LLC, Birmingham, AL
Summitmedia LLC is a limited liability company (LLC) located at 2700 Corporate Dr in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $5,468,863.00 in April, 2020.
$ PPP Loan Information
Summitmedia LLC in Birmingham, AL received a Paycheck Protection Loan of $5.47M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Summitmedia LLC's total 2019 payroll expenses were approximately $26.25M in order to qualify for the PPP loan amount received.
Based on their reported 349 jobs retained, this equals an estimated average yearly compensation of $75,216 per employee1.
Business Information - Summitmedia LLC in Birmingham, AL
2700 Corporate Dr
Birmingham, AL 35242
Radio Stations (NAICS code 515112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-06
Industry PPP Comparison Statistics
Nationwide, 2,380 businesses in the "Radio Stations" industry received a total of $248,381,799.00 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 11 employees, 97% lower than Summitmedia LLC's reported 349 employees, and received an average PPP loan of $104,362, 98% lower than this company's loan of $5.47M.
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Footnotes & Information
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