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PPP Loan Data — Eye Surgeons Of Richmond, Inc., Richmond, VA

SBA PPP loan data, payroll data, and salaries for Eye Surgeons Of Richmond, Inc.
VA

Eye Surgeons Of Richmond, Inc.

Entity: Subchapter S Corporation

Industry: Offices of Optometrists

Location: Richmond, VA

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Eye Surgeons Of Richmond, Inc. is a subchapter s corporation located at 400 Westhampton Station in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,113,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.11M

Jobs Retained:

328

Loan Approved:

2020-04-05

Lender:

ATLANTIC UNION BANK

Eye Surgeons Of Richmond, Inc. received a Paycheck Protection Loan of $4.11M through ATLANTIC UNION BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Eye Surgeons Of Richmond, Inc.'s total 2019 payroll expenses were approximately $19.74M in order to qualify for the PPP loan amount received.

Based on their reported 328 jobs retained, this equals an estimated average yearly compensation of $60,196 per employee1.

Because the loan received by Eye Surgeons Of Richmond, 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 - Eye Surgeons Of Richmond, Inc. in Richmond, VA

Eye Surgeons Of Richmond, Inc.
400 Westhampton Station
Richmond, VA 23226

Business Industry

Offices of Optometrists (NAICS code 621320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-07

Similar Companies near Richmond

In the Richmond area, 6 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 328) and received an average PPP loan of $777,230 (compared to this company's $4.11M).

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, 98% lower than Eye Surgeons Of Richmond, Inc.'s reported 328 employees, and received an average PPP loan of $74,482, 98% lower than this company's loan of $4.11M.

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-surgeons-of-richmond-inc-richmond-va