PPP Loan Data — Delaware Eye Mds Associates P A, Wilmington, DE
Delaware Eye Mds Associates P A
Location: Wilmington, DETweet This • Search All PPP Data
Delaware Eye Mds Associates P A is a corporation located at 2055 Limestone Road Suite 102 in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Delaware Eye Mds Associates P A in Wilmington, DE received a Paycheck Protection Loan of $46,100 through Manufacturers and Traders Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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, Delaware Eye Mds Associates P A's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,256 per employee1
Reported PPP Proceed Usage:
On the PPP application, Delaware Eye Mds Associates P A reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $39,507
- Utilities: $380
- Rent: $6,213
Business Information - Delaware Eye Mds Associates P A in Wilmington, DE
2055 Limestone Road Suite 102
Wilmington, DE 19808
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wilmington
In the Wilmington area, 70 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 5) and received an average PPP loan of $217,130 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
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Horizons Family Practice: Julio Navarro, MD
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Rekindle Health LLC
Hosmane Eye Care LLC Hosmane Eye Care
Reich Foot And Ankle LLC
Delaware Medical Group LLC
BW Family Medical Center
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B 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 11 employees, 120% higher than Delaware Eye Mds Associates P A's reported 5 employees, and received an average PPP loan of $119,087, 158% higher than this company's loan of $46,100.
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