PPP Loan Data — Compania Cervecera De Puerto Rico Inc, Mayaguez, PR
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
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.
Business Information - Compania Cervecera De Puerto Rico Inc in Mayaguez, PR
100 Boulevard Alfonso Valdes
Mayaguez, PR 680
Breweries (NAICS code 312120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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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