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PPP Loan Data — Eye Doctors Optical Outlet, PA, Tampa, FL

SBA PPP loan data, payroll data, and salaries for Eye Doctors Optical Outlet, PA
FL

Eye Doctors Optical Outlet, PA

Entity: Subchapter S Corporation

Industry: Optical Goods Stores

Location: Tampa, FL

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Eye Doctors Optical Outlet, PA is a subchapter s corporation located at 5607 Johns Road, in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $3,700,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.7M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-01

Lender:

REGIONS BANK

Eye Doctors Optical Outlet, PA received a Paycheck Protection Loan of $3.7M through REGIONS BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Eye Doctors Optical Outlet, PA's total 2019 payroll expenses were approximately $17.76M in order to qualify for the PPP loan amount received.

Unlike most businesses, Eye Doctors Optical Outlet, PA's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Eye Doctors Optical Outlet, PA 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 - Eye Doctors Optical Outlet, PA in Tampa, FL

Eye Doctors Optical Outlet, PA
5607 Johns Road,
Tampa, FL 33634

Business Industry

Optical Goods Stores (NAICS code 446130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-14

Industry PPP Comparison Statistics

Nationwide, 2,768 businesses in the "Optical Goods Stores" industry received a total of $174,634,202.00 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 6 employees, and received an average PPP loan of $63,090, 98% lower than this company's loan of $3.7M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/eye-doctors-optical-outlet-pa-tampa-fl