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PPP Loan Data — Julie Yip OD Inc, West Covina, CA

SBA PPP loan data, payroll data, and salaries for Julie Yip OD Inc
CA

Julie Yip OD Inc

Entity: Subchapter S Corporation

Industry: Offices of Optometrists

Location: West Covina, CA

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Julie Yip OD Inc is a subchapter s corporation located in West Covina, California that received a Coronavirus-related PPP loan from the SBA of $12,902.00 in March, 2021.

The company has reported itself as an Asian female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #2398288601

Loan Size:

$12,902

Jobs Retained:

1

Loan Approved:

2021-03-15

Loan Status:

Paid in Full or Forgiven

Lender:

Itria Ventures LLC

Julie Yip OD Inc in West Covina, CA received a Paycheck Protection Loan of $12,902 through Itria Ventures LLC, which was approved in March, 2021.

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 August, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Julie Yip OD Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,902

Business Information - Julie Yip OD Inc in West Covina, CA

Julie Yip OD Inc
West Covina, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Optometrists
NAICS code 621320

Business Owner Demographics

Race: Asian

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-32

Similar Companies near West Covina

In the West Covina area, 18 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 1) and received an average PPP loan of $78,721 (compared to this company's $12,902).

Industry PPP Comparison Statistics

Nationwide, 27,238 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, 700% higher than Julie Yip OD Inc's reported 1 employees, and received an average PPP loan of $72,711, 464% higher than this company's loan of $12,902.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/julie-yip-od-inc-west-covina-ca