Rio grande, PR — PPP Loan Data
643 loans · $20.8M total · 95.3% forgiven
Rio grande, Puerto Rico received 643 Paycheck Protection Program loans totaling $20.8M. The average loan in the city was $32,310 — below the national program average of approximately $67,000.
95.3% of loans in Rio grande — totaling $19.9M — 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 Rio grande were BAHIA BEACH CH DEVELOPMENT LLC ($2,012,700), BAHIA BEACH CH DEVELOPMENT LLC ($2,000,000), and COCO HOTEL 1 LLC ($1,281,640).
The most active industry sector in Rio grande was Other Professional, Scientific, and Technical Services with 60 loans worth $367,031, followed by Management, Scientific, and Technical Consulting Services (35 loans).
Applicants in Rio grande reported retaining 4,311 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.
Rio grande 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.
Top Industries in Rio grande
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Other Professional, Scientific, and Technical ServicesNAICS 5419 | 60 | $367,031 | 96.7% |
| Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 35 | $460,482 | 85.7% |
| Accommodation and Food ServicesNAICS 7225 | 34 | $776,709 | 100.0% |
| Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 21 | $176,172 | 100.0% |
| Offices of PhysiciansNAICS 6211 | 18 | $303,170 | 88.9% |
| Personal Care ServicesNAICS 8121 | 17 | $70,022 | 82.4% |
| Services to Buildings and DwellingsNAICS 5617 | 16 | $99,454 | 93.8% |
| Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 16 | $167,921 | 100.0% |
| Automotive Repair and MaintenanceNAICS 8111 | 15 | $171,059 | 100.0% |
| Offices of Other Health PractitionersNAICS 6213 | 12 | $151,811 | 100.0% |
Largest Named Recipients in Rio grande
Only loans ≥ $150,000 have publicly disclosed borrower names.