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PPP Loan Data — Tri-State Centers For Sight, Inc., Cincinnati, OH

SBA PPP loan data, payroll data, and salaries for Tri-State Centers For Sight, Inc.
OH

Tri-State Centers For Sight, Inc.

Entity: Corporation

Industry: Specialty (except Psychiatric and Substance Abuse) Hospitals

Location: Cincinnati, OH

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Tri-State Centers For Sight, Inc. is a corporation located at 8044 Montgomery Rd Ste 155 in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,751,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.75M

Jobs Retained:

249

Loan Approved:

2020-04-15

Lender:

CENTRAL BANK & TRUST CO.

Tri-State Centers For Sight, Inc. in Cincinnati, OH received a Paycheck Protection Loan of $2.75M through CENTRAL BANK & TRUST CO., which was approved in April, 2020.

Based on standard PPP eligibility rules, Tri-State Centers For Sight, Inc.'s total 2019 payroll expenses were approximately $13.21M in order to qualify for the PPP loan amount received.

Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $53,039 per employee1.

Because the loan received by Tri-State Centers For Sight, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Tri-State Centers For Sight, Inc. in Cincinnati, OH

Tri-State Centers For Sight, Inc.
8044 Montgomery Rd Ste 155
Cincinnati, OH 45236

Business Industry

Specialty (except Psychiatric and Substance Abuse) Hospitals (NAICS code 622310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-02

Industry PPP Comparison Statistics

Nationwide, 1,042 businesses in the "Specialty (except Psychiatric and Substance Abuse) Hospitals" industry received a total of $329,966,547.00 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 26 employees, 90% lower than Tri-State Centers For Sight, Inc.'s reported 249 employees, and received an average PPP loan of $316,667, 88% lower than this company's loan of $2.75M.

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, and is published unmodified, as provided by the SBA.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/tri-state-centers-for-sight-inc-cincinnati-oh