PPP Loan Data — Quick Communication Corp, Guaynabo, PR
Quick Communication Corp
Location: Guaynabo, PRTweet This • Search All PPP Data
Quick Communication Corp is a corporation located at 9 Ave. Lopategui Los Frailes in Guaynabo, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $25,418.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cooperativa de Ahorro y Cr
Quick Communication Corp in Guaynabo, PR received a Paycheck Protection Loan of $25,418 through Cooperativa de Ahorro y Cr
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, Quick Communication Corp's 2019 payroll expenses are estimated to be at least $122,006.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,401 per employee1
Reported PPP Proceed Usage:
On the PPP application, Quick Communication Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,418
Business Information - Quick Communication Corp in Guaynabo, PR
9 Ave. Lopategui Los Frailes
Guaynabo, PR 969
Other Miscellaneous Durable Goods Merchant Wholesalers
NAICS code 423990
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Guaynabo
In the Guaynabo area, 13 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $70,236 (compared to this company's $25,418).
Similar Nearby Businesses Who Received PPP Funding:
The Marble Shop Inc
Innova Trading Corp
V.r. Distributing, Inc
Tropic Art Signs
JC & Associates Property Management Group, Inc
Arte Y Textiles LLC
Industry PPP Comparison Statistics
Nationwide, 26,568 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1.98B 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 7 employees, 40% higher than Quick Communication Corp's reported 5 employees, and received an average PPP loan of $74,615, 194% higher than this company's loan of $25,418.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!