PPP Loan Data — Vistar Eye Center Inc, Roanoke, VA
Vistar Eye Center Inc
Entity: Subchapter S Corporation
Location: Roanoke, VATweet This • Search All PPP Data
Vistar Eye Center Inc is a subchapter s corporation located at 1819 Electric Road Suite 1a in Roanoke, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,684,600.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
Vistar Eye Center Inc in Roanoke, VA received a Paycheck Protection Loan of $2.68M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vistar Eye Center Inc's total 2019 payroll expenses were approximately $12.89M in order to qualify for the PPP loan amount received.
Based on their reported 282 jobs retained, this equals an estimated average yearly compensation of $45,695 per employee1.
Business Information - Vistar Eye Center Inc in Roanoke, VA
1819 Electric Road Suite 1a
Roanoke, VA 24018
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-06
Similar Companies near Roanoke
In the Roanoke area, 30 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 282) and received an average PPP loan of $246,987 (compared to this company's $2.68M).
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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, 96% lower than Vistar Eye Center Inc's reported 282 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.68M.
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.
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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