PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — The Marble Shop Inc, Guaynabo, PR

ALERT: There are 2 PPP loans for a total of $291,451 in our database for businesses with the name "The Marble Shop Inc" in Guaynabo, PR. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for The Marble Shop Inc
PR

The Marble Shop Inc

Entity: Corporation

Industry: Other Miscellaneous Durable Goods Merchant Wholesalers

Location: Guaynabo, PR

Search All PPP Data

The Marble Shop Inc is a corporation located at 35 Calle Juan C Borbon Pmb 297 in Guaynabo, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $145,725.00 in February, 2021.

$ PPP Loan Information
Loan #3745848505

Loan Size:

$145,725

Jobs Retained:

19

Loan Approved:

2021-02-24

Loan Status:

Paid in Full or Forgiven

Lender:

FirstBank Puerto Rico

The Marble Shop Inc in Guaynabo, PR received a Paycheck Protection Loan of $145,725 through FirstBank Puerto Rico, which was approved in February, 2021.

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 October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Marble Shop Inc's 2019 payroll expenses are estimated to be at least $699,480.

Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $36,815 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Marble Shop Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $145,721
  • Utilities: $1

Business Information - The Marble Shop Inc in Guaynabo, PR

The Marble Shop Inc
35 Calle Juan C Borbon Pmb 297
Guaynabo, PR 969

Business Industry:
Other Miscellaneous Durable Goods Merchant Wholesalers
NAICS code 423990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Guaynabo County, PR — SBA Office 0252 — Congressional District: PR-

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as The Marble Shop Inc.

Elite Marble Group Inc
All Other Miscellaneous Manufacturing

$55,812 PPP Loan

The Tile Shop Inc
Other Miscellaneous Durable Goods Merchant Wholesalers

$282,307 PPP Loan

Similar Companies near Guaynabo

In the Guaynabo area, 13 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 19) and received an average PPP loan of $70,236 (compared to this company's $145,725).

Industry PPP Comparison Statistics

Nationwide, 25,925 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1.97B 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 7 employees, 63% lower than The Marble Shop Inc's reported 19 employees, and received an average PPP loan of $76,016, 48% lower than this company's loan of $145,725.

SBA PPP loan data, payroll data, and salaries for The Marble Shop, Inc
PR

The Marble Shop, Inc

Entity: Corporation

Industry: Brick, Stone, and Related Construction Material Merchant Wholesalers

Location: Guaynabo, PR

Search All PPP Data

The Marble Shop, Inc is a corporation located at Pmb 297 #35 Calle Juan C Borbon in Guaynabo, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $145,726.00 in April, 2020.

$ PPP Loan Information
Loan #7660607103

Loan Size:

$145,726

Jobs Retained:

22

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

FirstBank Puerto Rico

The Marble Shop, Inc in Guaynabo, PR received a Paycheck Protection Loan of $145,726 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 January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Marble Shop, Inc's 2019 payroll expenses are estimated to be at least $699,485.

Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $31,795 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Marble Shop, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $109,294
  • Utilities: $14,573
  • Rent: $21,859

Business Information - The Marble Shop, Inc in Guaynabo, PR

The Marble Shop, Inc
Pmb 297 #35 Calle Juan C Borbon
Guaynabo, PR 969

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Guaynabo County, PR — SBA Office 0252 — Congressional District: PR-

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as The Marble Shop, Inc.

Elite Marble Group, Inc
Other Building Material Dealers

$55,814 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,129 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a total of $489.65M 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 7 employees, 68% lower than The Marble Shop, Inc's reported 22 employees, and received an average PPP loan of $79,890, 45% lower than this company's loan of $145,726.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-marble-shop-inc-guaynabo-pr