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PPP Loan Data — Compania Cervecera De Puerto Rico Inc, Mayaguez, PR

SBA PPP loan data, payroll data, and salaries for Compania Cervecera De Puerto Rico Inc
PR

Compania Cervecera De Puerto Rico Inc

Entity: Corporation

Industry: Breweries

Location: Mayaguez, PR

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Compania Cervecera De Puerto Rico Inc is a corporation located at 100 Boulevard Alfonso Valdes in Mayaguez, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $2,764,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.76M

Jobs Retained:

271

Loan Approved:

2020-04-12

Lender:

BANCO POPULAR DE PUERTO RICO

Compania Cervecera De Puerto Rico Inc in Mayaguez, PR received a Paycheck Protection Loan of $2.76M through BANCO POPULAR DE PUERTO RICO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Compania Cervecera De Puerto Rico Inc's total 2019 payroll expenses were approximately $13.27M in order to qualify for the PPP loan amount received.

Based on their reported 271 jobs retained, this equals an estimated average yearly compensation of $48,964 per employee1.

Because the loan received by Compania Cervecera De Puerto Rico Inc 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 - Compania Cervecera De Puerto Rico Inc in Mayaguez, PR

Compania Cervecera De Puerto Rico Inc
100 Boulevard Alfonso Valdes
Mayaguez, PR 680

Business Industry

Breweries (NAICS code 312120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PR-

Industry PPP Comparison Statistics

Nationwide, 3,534 businesses in the "Breweries" industry received a total of $426,381,760.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 15 employees, 94% lower than Compania Cervecera De Puerto Rico Inc's reported 271 employees, and received an average PPP loan of $120,651, 96% lower than this company's loan of $2.76M.

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, 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/compania-cervecera-de-puerto-rico-inc-mayaguez-pr