Mayaguez, PR — PPP Loan Data

Mayaguez, Puerto Rico received 1,817 Paycheck Protection Program loans totaling $75.2M. The average loan in the city was $41,408 — below the national program average of approximately $67,000.

99.1% of loans in Mayaguez — totaling $75.6M — 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 Mayaguez were EL MESON DE FELIPE, INC. ($2,981,000), COMPANIA CERVECERA DE PUERTO RICO INC ($2,764,400), and EL MESON DE FELIPE INC. ($2,000,000).

The most active industry sector in Mayaguez was Offices of Physicians with 284 loans worth $7.2M, followed by Legal Services (104 loans).

Applicants in Mayaguez reported retaining 18,152 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.

Mayaguez 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.