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PPP Loan Data — BDO Puerto Rico Psc, San Juan, PR

SBA PPP loan data, payroll data, and salaries for BDO Puerto Rico Psc
PR

BDO Puerto Rico Psc

Entity: Corporation

Industry: Offices of Certified Public Accountants

Location: San Juan, PR

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BDO Puerto Rico Psc is a corporation located at 1302 Ave Ponce De Leon in San Juan, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $2,484,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.48M

Jobs Retained:

308

Loan Approved:

2020-04-14

Lender:

BANCO POPULAR DE PUERTO RICO

BDO Puerto Rico Psc received a Paycheck Protection Loan of $2.48M through BANCO POPULAR DE PUERTO RICO, which was approved in April, 2020.

Based on standard PPP eligibility rules, BDO Puerto Rico Psc's total 2019 payroll expenses were approximately $11.93M in order to qualify for the PPP loan amount received.

Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $38,723 per employee1.

Because the loan received by BDO Puerto Rico Psc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - BDO Puerto Rico Psc in San Juan, PR

BDO Puerto Rico Psc
1302 Ave Ponce De Leon
San Juan, PR 907

Business Industry

Offices of Certified Public Accountants (NAICS code 541211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PR-

Similar Companies near San Juan

In the San Juan area, 21 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 308) and received an average PPP loan of $144,754 (compared to this company's $2.48M).

Industry PPP Comparison Statistics

Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 98% lower than BDO Puerto Rico Psc's reported 308 employees, and received an average PPP loan of $88,968, 96% lower than this company's loan of $2.48M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bdo-puerto-rico-psc-san-juan-pr