COOPERATIVA DE AHORRO Y CR<AC,E>DITO JES\DA\US OBRERO

COOPERATIVA DE AHORRO Y CR<AC,E>DITO JES\DA\US OBRERO was one of the thousands of SBA-approved lenders that participated in the Paycheck Protection Program. During the program period (April 2020 – May 2021), the lender originated 193 PPP loans totaling $4.4M, representing approximately 0.00% of all loans nationwide.

COOPERATIVA DE AHORRO Y CR<AC,E>DITO JES\DA\US OBRERO served borrowers across 1 state. The largest concentration of activity was in Puerto Rico, where the lender originated 193 loans totaling $4.4M.

The average loan size for this lender was $22,799. This figure reflects the mix of borrower types — large companies, small businesses, sole proprietors, and non-profits — that applied through this institution. Lenders were responsible for collecting and verifying borrower certifications and submitting loan applications to the SBA's E-Tran system.

Among the largest named borrowers that received loans through COOPERATIVA DE AHORRO Y CR<AC,E>DITO JES\DA\US OBRERO were: INMOBILIARIA Y DESARROLLADORA PR VS INC (PR) — $429,597; AMERICAN PARKING SYSTEM, INC. (PR) — $365,754; INMOBILIARIA Y DESARROLLADORA PUERTO RICO VS, INC. (PR) — $306,854; and ARMANDO PEREZ VEGA (PR) — $186,742.

PPP lenders were compensated through processing fees paid by the SBA rather than by borrowers. Fees ranged from 1% to 5% of the loan amount depending on loan size. Lenders were not required to take credit risk — the SBA provided a 100% guaranty on each loan. This structure incentivized broad participation but also contributed to documented cases of lender fraud and over-processing of applications.

Borrower names for loans under $150,000 are withheld under FOIA Exemption 6. As a result, the named recipients shown below represent only a fraction of this lender's total portfolio. The full loan count and amount figures include all loans in the SBA's data regardless of disclosure status.