PPP Loan Data — Andres J.acosta, Bayamon, PR
Entity: Self-employed Individual
Location: Bayamon, PRTweet This • Search All PPP Data
Andres J.acosta is a self-employed individual located in Bayamon, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $3,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Banco Popular de Puerto Rico
Andres J.acosta in Bayamon, PR received a Paycheck Protection Loan of $3,900 through Banco Popular de Puerto Rico, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Reported PPP Proceed Usage:
On the PPP application, Andres J.acosta reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,900
Business Information - Andres J.acosta in Bayamon, PR
* Full address is redacted to protect the privacy of individuals.
Other Grocery and Related Products Merchant Wholesalers
NAICS code 424490
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Bayamon
In the Bayamon area, 10 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 1) and received an average PPP loan of $464,046 (compared to this company's $3,900).
Similar Nearby Businesses Who Received PPP Funding:
Elba De Miranda Rodriguez
Hector Rosado DBA None
B. Fernandez & Hnos, Inc
Able Sales Company Inc
WAH Mey Enterprise
Alimentos Liquidos Industriales Inc
Industry PPP Comparison Statistics
Nationwide, 8,200 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $868.5M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 1100% higher than Andres J.acosta's reported 1 employees, and received an average PPP loan of $105,915, 2616% higher than this company's loan of $3,900.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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