PPP Loan Data — Sociedad Pro Ninos Sordos De Puerto Rico Inc, Ponce, PR
Sociedad Pro Ninos Sordos De Puerto Rico Inc is a corporation located at Ext La Rambla 1675 Calle Navarra in Ponce, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Banco Popular de Puerto Rico
Sociedad Pro Ninos Sordos De Puerto Rico Inc in Ponce, PR received a Paycheck Protection Loan of $24,900 through Banco Popular de 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 May, 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, Sociedad Pro Ninos Sordos De Puerto Rico Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $14,940 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sociedad Pro Ninos Sordos De Puerto Rico Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Sociedad Pro Ninos Sordos De Puerto Rico Inc in Ponce, PR
Ext La Rambla 1675 Calle Navarra
Ponce, PR 716
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 14,718 businesses in the "Child and Youth Services" industry received a total of $1.94B 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 18 employees, 125% higher than Sociedad Pro Ninos Sordos De Puerto Rico Inc's reported 8 employees, and received an average PPP loan of $132,042, 430% higher than this company's loan of $24,900.
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Footnotes & Information
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