PPP Loan Data — Nicholas Kokoris, MD, Whittier, CA
Nicholas Kokoris, MD is a sole proprietorship located at 7749 Painter Ave in Whittier, California that received a Coronavirus-related PPP loan from the SBA of $25,402.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Banc of California, National Association
Nicholas Kokoris, MD in Whittier, CA received a Paycheck Protection Loan of $25,402 through Banc of California, 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, Nicholas Kokoris, MD's 2019 payroll expenses are estimated to be at least $121,930.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,386 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nicholas Kokoris, MD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,051
- Utilities: $3,175
- Rent: $3,175
Business Information - Nicholas Kokoris, MD in Whittier, CA
7749 Painter Ave
Whittier, CA 90602
Offices of Optometrists
NAICS code 621320
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Whittier
In the Whittier area, 13 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $40,067 (compared to this company's $25,402).
Similar Nearby Businesses Who Received PPP Funding:
Guy K Kato
Poolsaad Family Vision Optometry Inc
Minh Pham OD. Optometric Corporation
Eddie C. Wang, OD., Professional Optometric Corporation
Xavier P Ordonez OD A Professional Corporation
Cecilia Y. Perez OD
Jack Shih OD A Professional Corporation
Aaron D. Adame, OD
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 Nicholas Kokoris, MD's reported 5 employees, and received an average PPP loan of $72,657, 186% higher than this company's loan of $25,402.
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Footnotes & Information
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