PPP Loan Data — Rooms To Go (PR), Inc, Toa Baja, PR
Rooms To Go (PR), Inc is a corporation located at No. 100 Plaza Pradera Suit 20 Pmb 465 in Toa Baja, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $2,305,325.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:FirstBank Puerto Rico
Rooms To Go (PR), Inc in Toa Baja, PR received a Paycheck Protection Loan of $2.31M through FirstBank Puerto Rico, which was approved in April, 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, Rooms To Go (PR), Inc's 2019 payroll expenses are estimated to be at least $11.07M.
Based on their reported 343 jobs retained, this equals an estimated average yearly compensation of $32,261 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rooms To Go (PR), Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,844,260
- Utilities: $115,266
- Rent: $345,799
Business Information - Rooms To Go (PR), Inc in Toa Baja, PR
No. 100 Plaza Pradera Suit 20 Pmb 465
Toa Baja, PR 949
NAICS code 442110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Toa Baja
In the Toa Baja area, 2 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 179 employees (compared to this company's 343) and received an average PPP loan of $1,173,663 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
PM Furniture Inc
Toa Baja, PR
Industry PPP Comparison Statistics
Nationwide, 16,379 businesses in the "Furniture Stores" industry received a total of $1.53B 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 10 employees, 97% lower than Rooms To Go (PR), Inc's reported 343 employees, and received an average PPP loan of $93,282, 96% lower than this company's loan of $2.31M.
FederalPay's PPP Information Policy
Footnotes & Information
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