PPP Loan Data — Focus Vision & Eye Care, PLLC, Hutto, TX
Focus Vision & Eye Care, PLLC is a subchapter s corporation located at 5002 Gattis School Rd Ste 100 in Hutto, Texas that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Focus Vision & Eye Care, PLLC in Hutto, TX received a Paycheck Protection Loan of $25,100 through Frost Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Focus Vision & Eye Care, PLLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Focus Vision & Eye Care, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Focus Vision & Eye Care, PLLC in Hutto, TX
5002 Gattis School Rd Ste 100
Hutto, TX 78634
Offices of Optometrists
NAICS code 621320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hutto
In the Hutto area, 11 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $67,236 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
MA-Trandai Services, LLC
MA-Trandai Services PLLC
Linda M Mcclain OD PC
Sean Michael Hensley
Hutto Eye Care PLLC
TC Vision Quest
Stephen Hype, OD., PC
Industry PPP Comparison Statistics
Nationwide, 27,285 businesses in the "Offices of Optometrists" industry received a total of $1.98B 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 8 employees, 100% higher than Focus Vision & Eye Care, PLLC's reported 4 employees, and received an average PPP loan of $72,657, 189% higher than this company's loan of $25,100.
FederalPay's PPP Information Policy
Footnotes & Information
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