PPP Loan Data — Lane Eye Center PA, Hollywood, FL
Lane Eye Center PA
Location: Hollywood, FLTweet This • Search All PPP Data
Lane Eye Center PA is a corporation located at 4201 Casper Court in Hollywood, Florida that received a Coronavirus-related PPP loan from the SBA of $24,903.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Lane Eye Center PA in Hollywood, FL received a Paycheck Protection Loan of $24,903 through Wells Fargo Bank, National Association, 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, Lane Eye Center PA's 2019 payroll expenses are estimated to be at least $119,534.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,884 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lane Eye Center PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,903
Business Information - Lane Eye Center PA in Hollywood, FL
4201 Casper Court
Hollywood, FL 33021
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hollywood
In the Hollywood area, 147 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $87,172 (compared to this company's $24,903).
Similar Nearby Businesses Who Received PPP Funding:
Physicians Institute Of Cosmetic Reconstructive Surgery Inc
Leung Healthcare Hollywood, Inc
Annia Vazquez Torres
Chapel Hill Health Consultant Inc
Russell T. Elba DC. PA
Elite Plastic Surgery LLC
Pediatric Ear, Nose And Throat Associates Of South Florida
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 175% higher than Lane Eye Center PA's reported 4 employees, and received an average PPP loan of $119,087, 378% higher than this company's loan of $24,903.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!