PPP Loan Data — Supermercados Econo, Inc, Carolina, PR
Supermercados Econo, Inc is a corporation located at 1428 Rio Danubio St Sabana Abajo Industrial Park in Carolina, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $2,716,000.00 in April, 2020.
$ PPP Loan Information
Lender:BANCO POPULAR DE PUERTO RICO
Supermercados Econo, Inc in Carolina, PR received a Paycheck Protection Loan of $2.72M through BANCO POPULAR DE PUERTO RICO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Supermercados Econo, Inc's total 2019 payroll expenses were approximately $13.04M in order to qualify for the PPP loan amount received.
Based on their reported 413 jobs retained, this equals an estimated average yearly compensation of $31,566 per employee1.
Business Information - Supermercados Econo, Inc in Carolina, PR
1428 Rio Danubio St Sabana Abajo Industrial Park
Carolina, PR 00983
General Line Grocery Merchant Wholesalers (NAICS code 424410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PR-
Industry PPP Comparison Statistics
Nationwide, 4,442 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $596,799,136.00 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, 97% lower than Supermercados Econo, Inc's reported 413 employees, and received an average PPP loan of $134,354, 95% lower than this company's loan of $2.72M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!