PPP Loan Data — Humacao Hadware Inc, Humacao, PR
Humacao Hadware Inc is a corporation located at Carretera 198 Km 29 Hm 2 in Humacao, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Banco Popular de Puerto Rico
Humacao Hadware Inc in Humacao, PR received a Paycheck Protection Loan of $46,700 through Banco Popular de Puerto Rico, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Humacao Hadware Inc's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,944 per employee1
Reported PPP Proceed Usage:
On the PPP application, Humacao Hadware Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - Humacao Hadware Inc in Humacao, PR
Carretera 198 Km 29 Hm 2
Humacao, PR 791
NAICS code 444130
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Humacao
In the Humacao area, 5 businesses in the "Hardware Stores" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 15) and received an average PPP loan of $30,880 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
Comercial Collazo Corp
Pitahaya Trading Corp
Ferreteria Garcia Inc
Industry PPP Comparison Statistics
Nationwide, 8,816 businesses in the "Hardware Stores" industry received a total of $736.15M 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 13 employees, 13% lower than Humacao Hadware Inc's reported 15 employees, and received an average PPP loan of $83,502, 79% higher than this company's loan of $46,700.
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Footnotes & Information
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