PPP Loan Data — Tracy K Hairston, Framingham, MA
Tracy K Hairston is a limited liability company (LLC) located at 463 Worcester Rd Ste 300 in Framingham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Santander Bank, National Association
Tracy K Hairston in Framingham, MA received a Paycheck Protection Loan of $25,000 through Santander Bank, National Association, 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, Tracy K Hairston's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tracy K Hairston reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,999
Business Information - Tracy K Hairston in Framingham, MA
463 Worcester Rd Ste 300
Framingham, MA 1701
Offices of Optometrists
NAICS code 621320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Framingham
In the Framingham area, 8 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $38,374 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
The Eye Center, LLC
Eye Care East LLC
TPB Enterprises Inc
Braz Optical, Inc
Metro Eye Docs. LLC
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, 167% higher than Tracy K Hairston's reported 3 employees, and received an average PPP loan of $72,657, 191% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!