PPP Loan Data — Bob Ham Eyewear Inc, Jacksonville, FL
Bob Ham Eyewear Inc is a corporation located at 9965 San Jose Blvd Ste 24 in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $46,980.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Bob Ham Eyewear Inc in Jacksonville, FL received a Paycheck Protection Loan of $46,980 through Bank of America, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Bob Ham Eyewear Inc's 2019 payroll expenses are estimated to be at least $225,504.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,101 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bob Ham Eyewear Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,980
Business Information - Bob Ham Eyewear Inc in Jacksonville, FL
9965 San Jose Blvd Ste 24
Jacksonville, FL 32257
Optical Goods Stores
NAICS code 446130
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 4 businesses in the "Optical Goods Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $31,816 (compared to this company's $46,980).
Similar Nearby Businesses Who Received PPP Funding:
North Florida Vision Group Inc
Universal Contact Lenses Of Florida Inc
Industry PPP Comparison Statistics
Nationwide, 4,477 businesses in the "Optical Goods Stores" industry received a total of $267.74M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 40% higher than Bob Ham Eyewear Inc's reported 5 employees, and received an average PPP loan of $59,803, 27% higher than this company's loan of $46,980.
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