PPP Loan Data — Sinexis Estudio Creativo Inc, Guaynabo, PR
Sinexis Estudio Creativo Inc is a corporation located at Buchanan Office Center Suite 307 in Guaynabo, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in May, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Banco Popular de Puerto Rico
Sinexis Estudio Creativo Inc in Guaynabo, PR received a Paycheck Protection Loan of $47,000 through Banco Popular de Puerto Rico, which was approved in May, 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 April, 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, Sinexis Estudio Creativo Inc's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sinexis Estudio Creativo Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Sinexis Estudio Creativo Inc in Guaynabo, PR
Buchanan Office Center Suite 307
Guaynabo, PR 968
Business Owner Demographics
Race: Black or African American
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Sinexis Estudio Creativo Inc's reported 6 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $47,000.
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Footnotes & Information
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