PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Bella International & Esteves 30, San Juan, PR

ALERT: There are 2 PPP loans for a total of $5.29M in our database for businesses with the name "Bella International & Esteves 30" in San Juan, PR. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Bella International & Esteves 30
PR

Bella International & Esteves 30

Entity: Corporation

Industry: New Car Dealers

Location: San Juan, PR

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Bella International & Esteves 30 is a corporation located at Calle Bechara Esq. Segarra Lote C-1 Pueblo Viejo in San Juan, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $859,890.00 in March, 2021.

$ PPP Loan Information
Loan #9675958602

Loan Size:

$859,890

Jobs Retained:

93

Loan Approved:

2021-03-26

Loan Status:

Active Un-Disbursed

Lender:

FirstBank Puerto Rico
PPP Funds Undisbursed

Bella International & Esteves 30 in San Juan, PR received a Paycheck Protection Loan of $859,890 through FirstBank Puerto Rico, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $859,890 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Bella International & Esteves 30's 2019 payroll expenses are estimated to be at least $4.13M.

Based on their reported 93 jobs retained, this equals an estimated average yearly compensation of $44,381 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bella International & Esteves 30 reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $859,885
  • Utilities: $1

Business Information - Bella International & Esteves 30 in San Juan, PR

Bella International & Esteves 30
Calle Bechara Esq. Segarra Lote C-1 Pueblo Viejo
San Juan, PR 920

Business Industry:
New Car Dealers
NAICS code 441110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

San Juan County, PR — SBA Office 0252 — Congressional District: PR-

Similar Companies near San Juan

In the San Juan area, 16 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 93) and received an average PPP loan of $716,713 (compared to this company's $859,890).

Industry PPP Comparison Statistics

Nationwide, 19,281 businesses in the "New Car Dealers" industry received a total of $12.12B 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 53 employees, 43% lower than Bella International & Esteves 30's reported 93 employees, and received an average PPP loan of $628,429, 27% lower than this company's loan of $859,890.

SBA PPP loan data, payroll data, and salaries for Bella International & Esteves 30
PR

Bella International & Esteves 30

Entity: Corporation

Industry: Automobile and Other Motor Vehicle Merchant Wholesalers

Location: San Juan, PR

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Bella International & Esteves 30 is a corporation located at Calle Bechara Esq. Segarra Lote C-1 Pueblo Viejo in San Juan, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $4,433,533.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4061937102

Loan Size:

$4.43M

Jobs Retained:

500

Loan Approved:

2020-04-12

Loan Status:

Ongoing Loan

Lender:

FirstBank Puerto Rico

Bella International & Esteves 30 in San Juan, PR received a Paycheck Protection Loan of $4.43M through FirstBank Puerto Rico, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Bella International & Esteves 30's 2019 payroll expenses are estimated to be at least $21.28M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $42,562 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bella International & Esteves 30 reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,892,002
  • Rent: $541,531
Because the loan received by Bella International & Esteves 30 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 - Bella International & Esteves 30 in San Juan, PR

Bella International & Esteves 30
Calle Bechara Esq. Segarra Lote C-1 Pueblo Viejo
San Juan, PR 920

Business Industry:
Automobile and Other Motor Vehicle Merchant Wholesalers
NAICS code 423110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

San Juan County, PR — SBA Office 0252 — Congressional District: PR-

Similar Companies near San Juan

In the San Juan area, 3 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 170 employees (compared to this company's 500) and received an average PPP loan of $1,499,439 (compared to this company's $4.43M).

Industry PPP Comparison Statistics

Nationwide, 6,893 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $920.19M 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, 98% lower than Bella International & Esteves 30's reported 500 employees, and received an average PPP loan of $133,497, 97% lower than this company's loan of $4.43M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bella-international-esteves-30-san-juan-pr