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PPP Loan Data — Universidad Politecnica De Puerto Rico Inc.,
San Juan, PR
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:
Jobs Retained:
459Loan Approved:
2020-04-16Lender:
BANCO POPULAR DE PUERTO RICOUniversidad 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.
Business Information - Universidad Politecnica De Puerto Rico Inc. in San Juan, PR
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).
Similar Nearby Businesses Who Received PPP Funding:
EDP University Of Puerto Rico, Inc.
San Juan, PR
Antilles School Of Technical Carreers Inc
San Juan, PR
Northern Research And Training Institute, Inc.
San Juan, PR
Huellas Therapy Corp
San Juan, PR
National Building Products Corp.
San Juan, PR
International Technical College
San Juan, PR
Carlos Quinones
San Juan, PR
Escuela Hotelera De San Juan Inc.
San Juan, PR
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.
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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