Carolina, PR — PPP Loan Data

Carolina, Puerto Rico received 3,539 Paycheck Protection Program loans totaling $156.8M. The average loan in the city was $44,302 — below the national program average of approximately $67,000.

96.5% of loans in Carolina — totaling $155.8M — 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 Carolina were GENESIS SECURITY SERVICES, INC. ($10,000,000), CARIBBEAN LUMBER & HARDWARE, INC. ($4,703,050), and SB USVI ACQUISITION, INC. ($3,944,100).

The most active industry sector in Carolina was Other Professional, Scientific, and Technical Services with 210 loans worth $1.6M, followed by Accommodation and Food Services (209 loans).

Applicants in Carolina reported retaining 31,081 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.

Carolina 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.