J C TENORIO ENTERPRISES INC
PPP Loan approved Apr 29, 2020 through First Hawaiian Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $960,130.00 | 100.0% |
About This Loan
J C TENORIO ENTERPRISES INC received a PPP loan of $960,130 approved on Apr 29, 2020. The loan was originated by First Hawaiian Bank.
J C TENORIO ENTERPRISES INC is a corporation located in SAIPAN, Northern Mariana Islands. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Grocery and Convenience Retailers industry (NAICS 445110), part of the Retail Trade sector of the economy. The applicant reported 227 jobs as retained through this loan.
No forgiveness has been recorded for this loan in the SBA's September 2024 data release. Possible explanations include: the borrower chose to repay rather than apply for forgiveness; the forgiveness application was denied; the loan was still in repayment status at the time of the data freeze; or the borrower defaulted, leading to a charge-off.
According to the SBA's records, the proceeds of this loan were allocated as follows: $960,130 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Northern Mariana Islands, visit the Northern Mariana Islands page. To compare this loan with others in the same industry, see the Grocery and Convenience Retailers industry page.