PPP Loan Data — Through Our Eyes Inc, Carbondale, PA
Through Our Eyes Inc is a subchapter s corporation located at 65 N Scott St in Carbondale, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,850.00 in January, 2021.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Pennsylvania
Through Our Eyes Inc in Carbondale, PA received a Paycheck Protection Loan of $24,850 through First National Bank of Pennsylvania, which was approved in January, 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, Through Our Eyes Inc's 2019 payroll expenses are estimated to be at least $119,280.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Through Our Eyes Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,849
- Utilities: $1
Business Information - Through Our Eyes Inc in Carbondale, PA
65 N Scott St
Carbondale, PA 18407
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Carbondale
In the Carbondale area, 5 businesses in the "Child Day Care Services" 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 $35,095 (compared to this company's $24,850).
Similar Nearby Businesses Who Received PPP Funding:
Precious Ones Daycare LLC
Greenfield Township, PA
Eclectic Management Inc
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 33% higher than Through Our Eyes Inc's reported 6 employees, and received an average PPP loan of $41,676, 68% higher than this company's loan of $24,850.
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Footnotes & Information
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