Software Publishers

Businesses and organizations in the Software Publishers industry (NAICS code 5112, part of the Information sector) received 13,333 PPP loans totaling $2.73B during the COVID-19 pandemic.

The average loan for this industry was $204,547 — above the national PPP average of approximately $67,000. This reflects the relatively large size of many businesses in this sector, which tend to have higher payroll costs and more employees.

95.3% of loans in this industry were forgiven — totaling $2.52B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include EXTRAHOP NETWORKS, INC. of SEATTLE, WA ($10,000,000); BENESYS, INC. of TROY, MI ($10,000,000); and THE JELLYVISION LAB INC of CHICAGO, IL ($8,455,920).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Information sector — publishing, motion picture, broadcasting, telecommunications, and data processing. — businesses in NAICS 5112 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.