PPP Loan Data — Neolpharma Inc., Caguas, PR
Neolpharma Inc. is a corporation located at Jardines Street #99 in Caguas, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $2,491,100.00 in April, 2020.
$ PPP Loan Information
Neolpharma Inc. received a Paycheck Protection Loan of $2.49M through ORIENTAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Neolpharma Inc.'s total 2019 payroll expenses were approximately $11.96M in order to qualify for the PPP loan amount received.
Based on their reported 344 jobs retained, this equals an estimated average yearly compensation of $34,760 per employee1.
Business Information - Neolpharma Inc. in Caguas, PR
Jardines Street #99
Caguas, PR 725
Pharmaceutical Preparation Manufacturing (NAICS code 325412)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PR-
Similar Companies near Caguas
In the Caguas area, 3 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 344) and received an average PPP loan of $940,433 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Gary M Deresh DBA
Industry PPP Comparison Statistics
Nationwide, 1,351 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a total of $515,322,883.00 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 22 employees, 94% lower than Neolpharma Inc.'s reported 344 employees, and received an average PPP loan of $381,438, 85% lower than this company's loan of $2.49M.
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Footnotes & Information
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