PPP Loan Data — VON Holdt Eye Care PLLC, Alexandria, MN
VON Holdt Eye Care PLLC is a limited liability company (LLC) located at 610 30th Ave W Ste 200 in Alexandria, Minnesota that received a Coronavirus-related PPP loan from the SBA of $45,947.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Gate City Bank
VON Holdt Eye Care PLLC in Alexandria, MN received a Paycheck Protection Loan of $45,947 through Gate City Bank, which was approved in April, 2020.
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, VON Holdt Eye Care PLLC's 2019 payroll expenses are estimated to be at least $220,546.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,137 per employee1
Reported PPP Proceed Usage:
On the PPP application, VON Holdt Eye Care PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,947
Business Information - VON Holdt Eye Care PLLC in Alexandria, MN
610 30th Ave W Ste 200
Alexandria, MN 56308
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Alexandria
In the Alexandria area, 6 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $36,758 (compared to this company's $45,947).
Similar Nearby Businesses Who Received PPP Funding:
Thomas Budin LLC
Strickler Builders, LLC
Keeper Of The Time LLC
JP Jack LLC
RT Seasonal Services Inc
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 150% higher than VON Holdt Eye Care PLLC's reported 4 employees, and received an average PPP loan of $42,878, 7% lower than this company's loan of $45,947.
FederalPay's PPP Information Policy
Footnotes & Information
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