PPP Loan Data — Condado Duo La Concha Spv, LLC, San Juan, PR
Condado Duo La Concha Spv, LLC is a limited liability company (LLC) located at 1077 Ave. Ashford in San Juan, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $2,626,300.00 in April, 2020.
$ PPP Loan Information
Lender:BANCO POPULAR DE PUERTO RICO
Condado Duo La Concha Spv, LLC received a Paycheck Protection Loan of $2.63M through BANCO POPULAR DE PUERTO RICO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Condado Duo La Concha Spv, LLC's total 2019 payroll expenses were approximately $12.61M in order to qualify for the PPP loan amount received.
Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $28,980 per employee1.
Business Information - Condado Duo La Concha Spv, LLC in San Juan, PR
1077 Ave. Ashford
San Juan, PR 907
Casino Hotels (NAICS code 721120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PR-
Industry PPP Comparison Statistics
Nationwide, 322 businesses in the "Casino Hotels" industry received a total of $284,070,183.00 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 90 employees, 79% lower than Condado Duo La Concha Spv, LLC's reported 435 employees, and received an average PPP loan of $882,206, 66% lower than this company's loan of $2.63M.
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.
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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