PPP Loan Data — RX Optical Laboratories, Inc, Kalamazoo, MI
RX Optical Laboratories, Inc is a subchapter s corporation located at 1825 S. Park St in Kalamazoo, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,452,408.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 321 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
RX Optical Laboratories, Inc in Kalamazoo, MI received a Paycheck Protection Loan of $3.45M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, RX Optical Laboratories, Inc's total 2019 payroll expenses were approximately $16.57M in order to qualify for the PPP loan amount received.
Based on their reported 321 jobs retained, this equals an estimated average yearly compensation of $51,625 per employee1.
Business Information - RX Optical Laboratories, Inc in Kalamazoo, MI
1825 S. Park St
Kalamazoo, MI 49001
Optical Instrument and Lens Manufacturing (NAICS code 333314)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MI-06
Industry PPP Comparison Statistics
Nationwide, 506 businesses in the "Optical Instrument and Lens Manufacturing" industry received a total of $108,527,514.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 15 employees, 95% lower than RX Optical Laboratories, Inc's reported 321 employees, and received an average PPP loan of $214,481, 94% lower than this company's loan of $3.45M.
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Footnotes & Information
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