PPP Loan Data — South American Restaurants Corp., Guaynabo, PR
South American Restaurants Corp. is a corporation located at 35 Diana St, Amelia Industrial Park in Guaynabo, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:BANCO POPULAR DE PUERTO RICO
South American Restaurants Corp. received a Paycheck Protection Loan of $10M through BANCO POPULAR DE PUERTO RICO, which was approved in April, 2020.
Based on standard PPP eligibility rules, South American Restaurants Corp.'s total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - South American Restaurants Corp. in Guaynabo, PR
35 Diana St, Amelia Industrial Park
Guaynabo, PR 969
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PR-
Similar Companies near Guaynabo
In the Guaynabo area, 12 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 169 employees (compared to this company's 500) and received an average PPP loan of $1,896,114 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Jose M Serrano
San Juan, PR
J & C Corporation
Majao Restaurants LLC
La Estrella Fast Food Inc
Caribbean Restaurants LLC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than South American Restaurants Corp.'s reported 500 employees, and received an average PPP loan of $120,904, 99% lower than this company's loan of $10M.
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Footnotes & Information
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