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PPP Loan Data — SB Usvi Acquisition, Inc., Carolina, PR

SBA PPP loan data, payroll data, and salaries for SB Usvi Acquisition, Inc.
PR

SB Usvi Acquisition, Inc.

Entity: Limited Liability Company (LLC)

Industry: Other Support Activities for Air Transportation

Location: Carolina, PR

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SB Usvi Acquisition, Inc. is a limited liability company (LLC) located at 150 Carr Sector Central in Carolina, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $3,944,100.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$3.94M

Jobs Retained:

203

Loan Approved:

2020-06-26

Lender:

MID PENN BANK

SB Usvi Acquisition, Inc. in Carolina, PR received a Paycheck Protection Loan of $3.94M through MID PENN BANK, which was approved in June, 2020.

Based on standard PPP eligibility rules, SB Usvi Acquisition, Inc.'s total 2019 payroll expenses were approximately $18.93M in order to qualify for the PPP loan amount received.

Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $93,260 per employee1.

Because the loan received by SB Usvi Acquisition, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - SB Usvi Acquisition, Inc. in Carolina, PR

SB Usvi Acquisition, Inc.
150 Carr Sector Central
Carolina, PR 00979

Business Industry

Other Support Activities for Air Transportation (NAICS code 488190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PR-

Industry PPP Comparison Statistics

Nationwide, 1,940 businesses in the "Other Support Activities for Air Transportation" industry received a total of $360,688,279.00 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 14 employees, 93% lower than SB Usvi Acquisition, Inc.'s reported 203 employees, and received an average PPP loan of $185,922, 95% lower than this company's loan of $3.94M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sb-usvi-acquisition-inc-carolina-pr