PPP Loan Data — Sun-Times Media Productions, LLC, Chicago, IL
Sun-Times Media Productions, LLC is a limited liability company (LLC) located at 30 N. Racine Avenue, Ste. 300 in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,734,200.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Sun-Times Media Productions, LLC in Chicago, IL received a Paycheck Protection Loan of $2.73M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sun-Times Media Productions, LLC's total 2019 payroll expenses were approximately $13.12M in order to qualify for the PPP loan amount received.
Based on their reported 163 jobs retained, this equals an estimated average yearly compensation of $80,516 per employee1.
Business Information - Sun-Times Media Productions, LLC in Chicago, IL
30 N. Racine Avenue, Ste. 300
Chicago, IL 60607
Newspaper Publishers (NAICS code 511110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
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, 91% lower than Sun-Times Media Productions, LLC's reported 163 employees, and received an average PPP loan of $141,431, 95% lower than this company's loan of $2.73M.
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Footnotes & Information
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