PPP Loan Data — MT. Airy Medical Eye Center LLC, Mt Airy, MD
MT. Airy Medical Eye Center LLC is a subchapter s corporation located at 1001 Twin Arch Rd in Mt Airy, Maryland that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
MT. Airy Medical Eye Center LLC in Mt Airy, MD received a Paycheck Protection Loan of $47,100 through Manufacturers and Traders Trust Company, 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 February, 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, MT. Airy Medical Eye Center LLC's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,216 per employee1
Reported PPP Proceed Usage:
On the PPP application, MT. Airy Medical Eye Center LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,316
- Rent: $11,784
Business Information - MT. Airy Medical Eye Center LLC in Mt Airy, MD
1001 Twin Arch Rd
Mt Airy, MD 21771
Offices of Optometrists
NAICS code 621320
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mt Airy
In the Mt Airy area, 2 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $81,283 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
MT Airy Eye Care
Mount Airy, MD
Industry PPP Comparison Statistics
Nationwide, 27,285 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, 60% higher than MT. Airy Medical Eye Center LLC's reported 5 employees, and received an average PPP loan of $72,657, 54% higher than this company's loan of $47,100.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!