PPP Loan Data — Sonie Family Eyecare, PLLC, Arlington, TX
Sonie Family Eyecare, PLLC is a corporation located at 4801 S Cooper St in Arlington, Texas that received a Coronavirus-related PPP loan from the SBA of $25,038.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sonie Family Eyecare, PLLC in Arlington, TX received a Paycheck Protection Loan of $25,038 through BBVA USA, 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 June, 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, Sonie Family Eyecare, PLLC's 2019 payroll expenses are estimated to be at least $120,182.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,030 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sonie Family Eyecare, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $23,038
- Utilities: $1,000
- Rent: $1,000
Business Information - Sonie Family Eyecare, PLLC in Arlington, TX
4801 S Cooper St
Arlington, TX 76017
Offices of Optometrists
NAICS code 621320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Arlington
In the Arlington area, 12 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 6) and received an average PPP loan of $52,770 (compared to this company's $25,038).
Similar Nearby Businesses Who Received PPP Funding:
Dann Martin OD PA
Sharon L. Johnson, OD
DR. Kent E. Adams
Nancy Opara OD
Hoang-Quan D Pham OD PA
Vision Expo Group LLC
Arlington Vision Care PA
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, 33% higher than Sonie Family Eyecare, PLLC's reported 6 employees, and received an average PPP loan of $72,657, 190% higher than this company's loan of $25,038.
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Footnotes & Information
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