CORAL WORLD (V.I.) INC. (VI) - 2020 PPP Loan Borrower Profile (# 2941197104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CORAL WORLD (V.I.) INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in US Virgin Islands.

Loan Detail

Loan Number

2941197104

SBA Office Code

0252

Processing Method

PPP

Curent Loan Amount

$527,367

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$531,922.86

Date Loan was Forgiven

Mar 1, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

78,000

Payroll Proced

395,525.93

Rent Proceed

53,841.07

Lender

FirstBank Puerto Rico

Business Detail

Business Type

Subchapter S Corporation

NAICS

713990

Borrower Location

ST THOMAS, VI

Project Location

ST THOMAS, VI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.