PPP Loan Data — Central Ohio Ophthalmology, Inc., Westerville, OH
Central Ohio Ophthalmology, Inc.
Entity: Subchapter S Corporation
Location: Westerville, OHTweet This • Search All PPP Data
Central Ohio Ophthalmology, Inc. is a subchapter s corporation located at 495 Cooper Rd in Westerville, Ohio that received a Coronavirus-related PPP loan from the SBA of $30,034.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Central Ohio Ophthalmology, Inc. received a Paycheck Protection Loan of $30,034 through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Central Ohio Ophthalmology, Inc.'s total 2019 payroll expenses were approximately $144,163 in order to qualify for the PPP loan amount received.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $48,054 per employee1.
Business Information - Central Ohio Ophthalmology, Inc. in Westerville, OH
495 Cooper Rd
Westerville, OH 43081
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-12
Similar Companies near Westerville
In the Westerville area, 34 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 3) and received an average PPP loan of $503,002 (compared to this company's $30,034).
Similar Nearby Businesses Who Received PPP Funding:
Westerville Surgical Specialists LLC
Neuroradiance Integrative Health Initiative, LTD
Wellness Medical Clinic, LLC
Columbus Ophthalmology Center I, LTD
Cosmetic & Plastic Surgery
Westerville Pediatric Specialists, Inc
Dr Jeffrey W Krause Dda Inc
Comprehensive Eyecare Of Central Ohio Inc
Bob Stinson Psyd Inc
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 233% higher than Central Ohio Ophthalmology, Inc.'s reported 3 employees, and received an average PPP loan of $138,136, 360% higher than this company's loan of $30,034.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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