PPP Loan Data — Security Integration Service Inc, Bayamon, PR
Security Integration Service Inc
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Bayamon, PRTweet This • Search All PPP Data
Security Integration Service Inc is a corporation located at 20-40 Ave Aguas Buenas in Bayamon, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $24,948.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:FirstBank Puerto Rico
Security Integration Service Inc in Bayamon, PR received a Paycheck Protection Loan of $24,948 through FirstBank Puerto Rico, which was approved in April, 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 March, 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, Security Integration Service Inc's 2019 payroll expenses are estimated to be at least $119,750.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,938 per employee1
Reported PPP Proceed Usage:
On the PPP application, Security Integration Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,948
Business Information - Security Integration Service Inc in Bayamon, PR
20-40 Ave Aguas Buenas
Bayamon, PR 956
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
NAICS code 423610
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: Urban
Similar Companies near Bayamon
In the Bayamon area, 3 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $29,249 (compared to this company's $24,948).
Similar Nearby Businesses Who Received PPP Funding:
Pepe Construction & Electrical Serv Corp
AIG Electrical Supply, Inc
Industry PPP Comparison Statistics
Nationwide, 7,686 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $1.31B 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 14 employees, 250% higher than Security Integration Service Inc's reported 4 employees, and received an average PPP loan of $170,366, 583% higher than this company's loan of $24,948.
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