PPP Loan Data — NW. Eye Surgeons, PC, Seattle, WA
NW. Eye Surgeons, PC
Entity: Subchapter S Corporation
Location: Seattle, WATweet This • Search All PPP Data
NW. Eye Surgeons, PC is a subchapter s corporation located at 10330 Meridian Ave N. Suite 370 0.0 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $2,348,412.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
NW. Eye Surgeons, PC in Seattle, WA received a Paycheck Protection Loan of $2.35M through JPMorgan Chase Bank, National Association, which was approved in April, 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, NW. Eye Surgeons, PC's 2019 payroll expenses are estimated to be at least $11.27M.
Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $40,695 per employee1
Reported PPP Proceed Usage:
On the PPP application, NW. Eye Surgeons, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,530,363
- Utilities: $168,665
- Rent: $418,438
- Health Care: $230,946
Business Information - NW. Eye Surgeons, PC in Seattle, WA
10330 Meridian Ave N. Suite 370 0.0
Seattle, WA 98133
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 18 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 277) and received an average PPP loan of $249,386 (compared to this company's $2.35M).
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Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than NW. Eye Surgeons, PC's reported 277 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.35M.
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Footnotes & Information
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