PPP Loan Data — Eye Surgeons Of Richmond, Inc., Richmond, VA
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
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.
Business Information - Eye Surgeons Of Richmond, Inc. in Richmond, VA
400 Westhampton Station
Richmond, VA 23226
Offices of Optometrists (NAICS code 621320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Patterson Eye Clinic, Optometrists PC
Dr Daniel P Gray & Associates PLLC
Dr Alan Toler & Associates, PLLC
Brook Run Vision Center, P.L.C.
Dr V Scott Isner OD
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.
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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