Fajardo, PR — PPP Loan Data

Fajardo, Puerto Rico received 628 Paycheck Protection Program loans totaling $16.1M. The average loan in the city was $25,700 — below the national program average of approximately $67,000.

97.1% of loans in Fajardo — totaling $15.8M — 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 Fajardo were ROYALE BLUE HOSPITALITY LLC ($1,045,100), CARIBE PHYSICIAN PLAZA CORP ($1,028,900), and P & C AUTO INC. ($656,767).

The most active industry sector in Fajardo was Offices of Physicians with 58 loans worth $1.5M, followed by Accommodation and Food Services (53 loans).

Applicants in Fajardo reported retaining 3,701 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.

Fajardo 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.