SEATTLE TIMES COMPANY AND SUBSIDIARIES

SEATTLE TIMES COMPANY AND SUBSIDIARIES received a PPP loan of $9,999,589 approved on Apr 12, 2020. The loan was originated by Washington Federal Bank d/b/a WaFd Bank.

SEATTLE TIMES COMPANY AND SUBSIDIARIES is a corporation located in SEATTLE, Washington. At the time of the application, the business was described as "existing or more than 2 years old".

The business operates in the Newspaper, Periodical, Book, and Directory Publishers industry (NAICS 511110), part of the Information sector of the economy. The applicant reported 499 jobs as retained through this loan.

The SBA forgave $10,126,250.96 of this loan — 101.3% of the total approved amount, with forgiveness recorded on Jul 21, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.

According to the SBA's records, the proceeds of this loan were allocated as follows: $7,499,692 to payroll, $2,499,897 to utilities. The payroll component represents 75.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.

This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Washington, visit the Washington page. To compare this loan with others in the same industry, see the Newspaper, Periodical, Book, and Directory Publishers industry page.