PPP Loan Data — Syracuse Eye Physicians, LLP, Syracuse, NY
Syracuse Eye Physicians, LLP
Entity: Limited Liability Partnership
Location: Syracuse, NYTweet This • Search All PPP Data
Syracuse Eye Physicians, LLP is a limited liability partnership located at 716 James St Suite 108 in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $127,287.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
$ PPP Loan Information
Syracuse Eye Physicians, LLP received a Paycheck Protection Loan of $127,287 through SOLVAY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Syracuse Eye Physicians, LLP's total 2019 payroll expenses were approximately $610,978 in order to qualify for the PPP loan amount received.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $61,098 per employee1.
Business Information - Syracuse Eye Physicians, LLP in Syracuse, NY
716 James St Suite 108
Syracuse, NY 13203
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-24
Similar Companies near Syracuse
In the Syracuse area, 10 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 10) and received an average PPP loan of $801,567 (compared to this company's $127,287).
Similar Nearby Businesses Who Received PPP Funding:
Comprehensive Gynecology, PC
St Joseph's Pathology, PC
Ophthalmology Medical Service Group Inc.
Bruce E Baker MD
Syracuse Otolaryngology PLLC
Vascular Surgeons Of Central New York, PLLC
Prospect Hill Radiology Group, PC
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, the same amount reported by Syracuse Eye Physicians, LLP and received an average PPP loan of $138,136, 9% higher than this company's loan of $127,287.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Have FederalPay.org's open data tools been valuable? Consider donating!