PPP Loan Data — Florida Eyecare Associates PA DBA Eyes On Brickell, Miami, FL
Florida Eyecare Associates PA DBA Eyes On Brickell is a subchapter s corporation located at 1925 Brickell Ave Ste D301 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $46,222.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Florida Eyecare Associates PA DBA Eyes On Brickell in Miami, FL received a Paycheck Protection Loan of $46,222 through Quontic Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Florida Eyecare Associates PA DBA Eyes On Brickell's 2019 payroll expenses are estimated to be at least $221,866.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,733 per employee1
Reported PPP Proceed Usage:
On the PPP application, Florida Eyecare Associates PA DBA Eyes On Brickell reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,222
Business Information - Florida Eyecare Associates PA DBA Eyes On Brickell in Miami, FL
1925 Brickell Ave Ste D301
Miami, FL 33129
Direct Health and Medical Insurance Carriers
NAICS code 524114
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 2 businesses in the "Direct Health and Medical Insurance Carriers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 8) and received an average PPP loan of $33,309 (compared to this company's $46,222).
Similar Nearby Businesses Who Received PPP Funding:
Alexia Grazes LLC
Industry PPP Comparison Statistics
Nationwide, 4,454 businesses in the "Direct Health and Medical Insurance Carriers" industry received a total of $262.47M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 13% lower than Florida Eyecare Associates PA DBA Eyes On Brickell's reported 8 employees, and received an average PPP loan of $58,930, 27% higher than this company's loan of $46,222.
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Footnotes & Information
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