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PPP Loans in U.S. Virgin Islands

3,403 loans worth $201M went to businesses and nonprofits in U.S. Virgin Islands, supporting 25,995 reported jobs.

Loans
3,403
Total approved
$201M
Average $59,145
Jobs reported
25,995
Forgiven
$195M
97% of approved

PPP loans by county in U.S. Virgin Islands

By borrower ZIP code, largest first

Swipe the table sideways to see more columns.

#CountyLoansAmountJobs reported
1St. Thomas Island1,862$102M13,196
2St. Croix Island1,007$74.08M9,370
3St. John Island218$11.04M1,421

Loans by industry

Share of total loan dollars

  • Accommodation and food services429 loans17.5%
  • Construction256 loans13.8%
  • Retail trade465 loans11.8%
  • Health care and social assistance205 loans9.4%
  • Professional and technical services341 loans7.5%
  • Transportation and warehousing379 loans6.0%
  • Administrative and support services217 loans6.0%
  • Other services319 loans5.2%
  • Real estate and rental242 loans4.8%
  • Wholesale trade91 loans3.6%

Loans by size

Share of the number of loans

  • Under $20K1,76351.8%
  • $20K to $50K77522.8%
  • $50K to $150K57516.9%
  • $150K to $350K2086.1%
  • $350K to $1M672.0%
  • $1M to $2M120.4%
  • $2M or more30.1%

Top lenders

By loan dollars

  1. 1FirstBank Puerto Rico892$49.41M
  2. 2Banco Popular de Puerto Rico1,015$43.79M
  3. 3United Fidelity Bank, FSB446$36.13M
  4. 4Merchants Commercial Bank500$30.56M
  5. 5Greater Nevada CU23$12.24M
  6. 6Oriental Bank207$12.03M
  7. 7Bank of America, National Association25$2.35M
  8. 8Fountainhead SBF LLC24$1.18M
  9. 9Valley National Bank3$1.18M
  10. 101st Source Bank6$1.01M

Largest PPP loans in U.S. Virgin Islands

Top 25 by approved amount

BorrowerLocationLoanJobsForgivenApproved
Psi Tire Supply, LLCConstructionChristiansted, VI00820$6.7M493$6.58MForgiven on 05/09/202204/14/2020
Virgin Islands Telephone CorpInformationSt Thomas, VI00802$3.59M253-04/16/2020
The Buccaneer INC.Accommodation and food services · Second drawChristiansted, VI00820$2M100$2.03MForgiven on 06/17/202201/29/2021
The Buccaneer INCAdministrative and support servicesChristiansted, VI00820$1.87M209$1.9MForgiven on 07/14/202104/14/2020
Professional Design Builders INC.Construction · Second drawSt Thomas, VI00802$1.83M161$1.84MForgiven on 10/20/202102/06/2021
Professional Design Builders, INC.Professional and technical servicesSt Thomas, VI00802$1.83M161$1.85MForgiven on 04/20/202104/14/2020
VI Industrial Services, LLCConstructionChristiansted, VI00820$1.69M145$1.7MForgiven on 03/11/202105/07/2020
VI Industrial Services LLCConstruction · Second drawChristiansted, VI00820$1.69M145$1.71MForgiven on 08/04/202202/19/2021
Kac 357 INCRetail tradeFrederiksted, VI00840$1.49M308$1.51MForgiven on 05/19/202104/16/2020
Antilles School, INC.Educational servicesSt Thomas, VI00802$1.4M122$1.42MForgiven on 07/09/202104/14/2020
Frederiksted Health Care, INCHealth care and social assistanceFrederiksted, VI00840$1.23M150$1.24MForgiven on 04/08/202105/01/2020
Great Bay Condominium Owners Association, INC.Other servicesSt Thomas, VI00802$1.22M156$1.24MForgiven on 08/02/202104/27/2020
Jewelry Exchange, INC.Wholesale tradeSt Thomas, VI00802$1.16M128-04/14/2020
Falken Usvi LLCAdministrative and support servicesSt Thomas, VI00802$1.03M119$1.05MForgiven on 08/17/202104/27/2020
Falken Usvi LLCAdministrative and support services · Second drawSt Thomas, VI00802$1.03M87$1.05MForgiven on 07/19/202203/08/2021
Harborside CorporationAccommodation and food services · Second drawSt. Thomas, VI00802$997K102$1.01MForgiven on 12/09/202102/10/2021
St. Thomas East End Medical Center CorporationHealth care and social assistance · Second drawSt Thomas, VI00802$958K84$965KForgiven on 12/21/202102/19/2021
St. Thomas East End Medical Center CorporationHealth care and social assistanceSt Thomas, VI00805$958K78$969KForgiven on 07/26/202105/07/2020
United CorporationRetail tradeChristiansted, VI00820$938K226$950KForgiven on 09/21/202104/27/2020
Vigl Operations LLCAccommodation and food servicesChristiansted, VI00820$894K85$902KForgiven on 03/31/202104/09/2020
Gec, LLCConstructionChristiansted, VI00820$850K107$859KForgiven on 04/21/202104/16/2020
Bohlke LLCTransportation and warehousing · Second drawKingshill, VI00851$848K62$855KForgiven on 12/06/202102/20/2021
Bohlke LLCTransportation and warehousingChristensted, VI00850$848K62$851KForgiven on 07/12/202104/14/2020
Comprehensive Orthopedics, PLLCHealth care and social assistanceSt Thomas, VI00802$833K76$845KForgiven on 09/20/202104/14/2020
Harborside CorporationAccommodation and food servicesCharlotte Amalie, VI00802$762K111$770KForgiven on 05/25/202104/28/2020

Names of sole proprietors, self-employed individuals and independent contractors are not shown. Street addresses are not shown for any borrower.

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Frequently asked questions

How many PPP loans were made in U.S. Virgin Islands?
Lenders approved 3,403 PPP loans worth $201,270,481 for borrowers in U.S. Virgin Islands, an average of $59,145 per loan.
What was the largest PPP loan in U.S. Virgin Islands?
The largest was $6,699,200 to Psi Tire Supply, LLC in CHRISTIANSTED, which reported 493 jobs.
Which county in U.S. Virgin Islands got the most PPP money?
St. Thomas Island received the most, $102M across 1,862 loans.