PPP Loan Data — Midwest Vision Care Of Columbia LLC, Columbia, IL
Midwest Vision Care Of Columbia LLC
Entity: Sole Proprietorship
Location: Columbia, ILTweet This • Search All PPP Data
Midwest Vision Care Of Columbia LLC is a sole proprietorship located at 915 N Main St Ste 1 in Columbia, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
The company has reported itself as an American indian or alaska native female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Midwest Vision Care Of Columbia LLC in Columbia, IL received a Paycheck Protection Loan of $25,400 through Regions 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 May, 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, Midwest Vision Care Of Columbia LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Midwest Vision Care Of Columbia LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Midwest Vision Care Of Columbia LLC in Columbia, IL
915 N Main St Ste 1
Columbia, IL 62236
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Columbia
In the Columbia area, 8 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $77,239 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
ABA Consulting Services, LLC
Tobin Search Insurance Agency Inc
Barron Literacy, LLC
Sheryl Pautler, Inc
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 67% higher than Midwest Vision Care Of Columbia LLC's reported 3 employees, and received an average PPP loan of $57,091, 125% higher than this company's loan of $25,400.
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Footnotes & Information
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