PPP Loan Data — GFR Media, Guaynabo, PR
GFR Media is a limited liability company (LLC) located at 50 Carr 165 Sector Buchanan in Guaynabo, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $6,394,500.00 in April, 2020.
$ PPP Loan Information
GFR Media in Guaynabo, PR received a Paycheck Protection Loan of $6.39M through ORIENTAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, GFR Media's total 2019 payroll expenses were approximately $30.69M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $61,387 per employee1.
Business Information - GFR Media in Guaynabo, PR
50 Carr 165 Sector Buchanan
Guaynabo, PR 00968
Newspaper Publishers (NAICS code 511110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PR-
Industry PPP Comparison Statistics
Nationwide, 2,840 businesses in the "Newspaper Publishers" industry received a total of $401,663,111.00 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 14 employees, 97% lower than GFR Media's reported 500 employees, and received an average PPP loan of $141,431, 98% lower than this company's loan of $6.39M.
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Footnotes & Information
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