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PPP Loan Data — Universidad Politecnica De Puerto Rico Inc., San Juan, PR

SBA PPP loan data, payroll data, and salaries for Universidad Politecnica De Puerto Rico Inc.
PR Nonprofit Organization

Universidad Politecnica De Puerto Rico Inc.

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: San Juan, PR

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Universidad Politecnica De Puerto Rico Inc. is a non-profit organization located at Ave. Ponce De Leon 377 in San Juan, Puerto Rico that received a Coronavirus-related PPP loan from the SBA of $3,768,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.77M

Jobs Retained:

459

Loan Approved:

2020-04-16

Lender:

BANCO POPULAR DE PUERTO RICO

Universidad Politecnica De Puerto Rico Inc. received a Paycheck Protection Loan of $3.77M through BANCO POPULAR DE PUERTO RICO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Universidad Politecnica De Puerto Rico Inc.'s total 2019 payroll expenses were approximately $18.09M in order to qualify for the PPP loan amount received.

Based on their reported 459 jobs retained, this equals an estimated average yearly compensation of $39,404 per employee1.

Because the loan received by Universidad Politecnica De Puerto Rico Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Universidad Politecnica De Puerto Rico Inc. in San Juan, PR

Universidad Politecnica De Puerto Rico Inc.
Ave. Ponce De Leon 377
San Juan, PR 918

Business Industry

Colleges, Universities, and Professional Schools (NAICS code 611310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PR-

Similar Companies near San Juan

In the San Juan area, 10 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 459) and received an average PPP loan of $758,781 (compared to this company's $3.77M).

Industry PPP Comparison Statistics

Nationwide, 2,077 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $1,723,864,433.00 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 86 employees, 81% lower than Universidad Politecnica De Puerto Rico Inc.'s reported 459 employees, and received an average PPP loan of $829,978, 78% lower than this company's loan of $3.77M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/universidad-politecnica-de-puerto-rico-inc-san-juan-pr