PPP Loan Data — Dr Alan Toler & Associates, PLLC, Richmond, VA
Dr Alan Toler & Associates, PLLC is a limited liability company (LLC) located at 1407 Westover Hills Blvd in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $49,700.00 in May, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
Dr Alan Toler & Associates, PLLC received a Paycheck Protection Loan of $49,700 through ATLANTIC UNION BANK, which was approved in May, 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, Dr Alan Toler & Associates, PLLC's total 2019 payroll expenses were approximately $238,560 in order to qualify for the PPP loan amount received.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $47,712 per employee1.
Business Information - Dr Alan Toler & Associates, PLLC in Richmond, VA
1407 Westover Hills Blvd
Richmond, VA 23225
Offices of Optometrists (NAICS code 621320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-04
Similar Companies near Richmond
In the Richmond area, 3 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 5) and received an average PPP loan of $1,485,900 (compared to this company's $49,700).
Similar Nearby Businesses Who Received PPP Funding:
Patterson Eye Clinic, Optometrists PC
Eye Surgeons Of Richmond, Inc.
Industry PPP Comparison Statistics
Nationwide, 16,785 businesses in the "Offices of Optometrists" industry received a total of $1,250,172,320.00 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 7 employees, 40% higher than Dr Alan Toler & Associates, PLLC's reported 5 employees, and received an average PPP loan of $74,482, 50% higher than this company's loan of $49,700.
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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