Designs For Vision, Inc. in Bohemia, NY - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Designs For Vision, Inc., Bohemia, NY

Designs For Vision, Inc.

Entity: Subchapter S Corporation

Industry: Optical Instrument and Lens Manufacturing

Location: Bohemia, NY

Designs For Vision, Inc. is a subchapter s corporation located at 4000 Veterans Memorial Hwy in Bohemia, New York that received a Coronavirus-related PPP loan from the SBA of $2,901,967.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.9M

Jobs Retained:

208

Loan Approved:

2020-04-10

Lender:

TD BANK, NATIONAL ASSOCIATION

Designs For Vision, Inc. in Bohemia, NY received a Paycheck Protection Loan of $2.9M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Designs For Vision, Inc.'s total 2019 payroll expenses were approximately $13.93M in order to qualify for the PPP loan amount received.

Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $66,968 per employee¹.

Because the loan received by Designs For Vision, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Designs For Vision, Inc. in Bohemia, NY

Designs For Vision, Inc.
4000 Veterans Memorial Hwy
Bohemia, NY 11716

Business Industry

Optical Instrument and Lens Manufacturing (NAICS code 333314)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-02

Industry PPP Comparison Statistics

Nationwide, 506 businesses in the "Optical Instrument and Lens Manufacturing" industry received a total of $108,527,514.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 15 employees, 93% lower than Designs For Vision, Inc.'s reported 208 employees, and received an average PPP loan of $214,481, 93% lower than this company's loan of $2.9M.

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, and is published unmodified, as provided by the SBA.

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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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