PPP Loan Data — Michael Derubeis OD. DBA Primary Eye Care Center, Phoenix, AZ
Michael Derubeis OD. DBA Primary Eye Care Center is a sole proprietorship located at 16515 S 40th St Ste 111 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,207.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Michael Derubeis OD. DBA Primary Eye Care Center in Phoenix, AZ received a Paycheck Protection Loan of $46,207 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Michael Derubeis OD. DBA Primary Eye Care Center's 2019 payroll expenses are estimated to be at least $221,794.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,966 per employee1
Reported PPP Proceed Usage:
On the PPP application, Michael Derubeis OD. DBA Primary Eye Care Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,000
- Utilities: $2,707
- Mortgage Interest: $4,000
- Rent: $2,500
Business Information - Michael Derubeis OD. DBA Primary Eye Care Center in Phoenix, AZ
16515 S 40th St Ste 111
Phoenix, AZ 85048
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Michael Derubeis OD. DBA Primary Eye Care Center's reported 6 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,207.
FederalPay's PPP Information Policy
Footnotes & Information
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