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PPP Loan Data — LVI Intermediate Holdings, Inc.,
West Palm Beach, FL
LVI Intermediate Holdings, Inc.
Entity: Corporation
Industry: Offices of Optometrists
Location: West Palm Beach, FL
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LVI Intermediate Holdings, Inc. is a corporation located at 1555 Palm Beach Lakes Blvd in West Palm Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $3,130,916.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
205Loan Approved:
2020-04-10Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONLVI Intermediate Holdings, Inc. received a Paycheck Protection Loan of $3.13M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, LVI Intermediate Holdings, Inc.'s total 2019 payroll expenses were approximately $15.03M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $73,309 per employee1.
Business Information - LVI Intermediate Holdings, Inc. in West Palm Beach, FL
1555 Palm Beach Lakes Blvd
West Palm Beach, FL 33401
Business Industry
Offices of Optometrists (NAICS code 621320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-20Similar Companies near West Palm Beach
In the West Palm Beach area, 5 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 205) and received an average PPP loan of $667,143 (compared to this company's $3.13M).
Similar Nearby Businesses Who Received PPP Funding:
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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, 97% lower than LVI Intermediate Holdings, Inc.'s reported 205 employees, and received an average PPP loan of $74,482, 98% lower than this company's loan of $3.13M.
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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