PPP Loan Data — Joyeria Febus LLC, Vega Alta, PR
Joyeria Febus LLC is a limited liability company (LLC) located at Plaza Gran Caribe Mall Local S036 in Vega Alta, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Banco Popular de Puerto Rico
Joyeria Febus LLC in Vega Alta, PR received a Paycheck Protection Loan of $25,000 through Banco Popular de Puerto Rico, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Joyeria Febus LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,231 per employee1
Reported PPP Proceed Usage:
On the PPP application, Joyeria Febus LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,000
- Rent: $6,000
Business Information - Joyeria Febus LLC in Vega Alta, PR
Plaza Gran Caribe Mall Local S036
Vega Alta, PR 692
NAICS code 448310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Vega Alta
In the Vega Alta area, 5 businesses in the "Jewelry Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 13) and received an average PPP loan of $8,597 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Vega Alta, PR
Alexandra Jewelry Corporation
Vega Alta, PR
Harriet A Figueroa
Vega Alta, PR
Alexandra Jewerly Corporation
Vega Baja, PR
Industry PPP Comparison Statistics
Nationwide, 22,187 businesses in the "Jewelry Stores" industry received a total of $956.02M 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 5 employees, 62% lower than Joyeria Febus LLC's reported 13 employees, and received an average PPP loan of $43,089, 72% higher than this company's loan of $25,000.
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Footnotes & Information
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