Canovanas, PR — PPP Loan Data

Canovanas, Puerto Rico received 632 Paycheck Protection Program loans totaling $15.7M. The average loan in the city was $24,814 — below the national program average of approximately $67,000.

97.0% of loans in Canovanas — totaling $15.4M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.

Among the largest disclosed recipients in Canovanas were JRIAL LLC ($1,100,900), CAMARERO RACE TRACK CORP. ($1,076,275), and CAMARERO RACE TRACK CORP. ($1,076,275).

The most active industry sector in Canovanas was Other Professional, Scientific, and Technical Services with 49 loans worth $364,422, followed by Personal Care Services (36 loans).

Applicants in Canovanas reported retaining 3,650 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.

Canovanas is part of Puerto Rico, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.