PPP Loan Data — William H Vickers OD PLLC, Barbourville, KY
William H Vickers OD PLLC
Entity: Professional Association
Location: Barbourville, KYTweet This • Search All PPP Data
William H Vickers OD PLLC is a professional association located at 215 N Allison Ave in Barbourville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,175.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Forcht Bank, National Association
William H Vickers OD PLLC in Barbourville, KY received a Paycheck Protection Loan of $25,175 through Forcht Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 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, William H Vickers OD PLLC's 2019 payroll expenses are estimated to be at least $120,840.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,210 per employee1
Reported PPP Proceed Usage:
On the PPP application, William H Vickers OD PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,140
- Utilities: $5,035
Business Information - William H Vickers OD PLLC in Barbourville, KY
215 N Allison Ave
Barbourville, KY 40906
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Barbourville
In the Barbourville area, 3 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 4) and received an average PPP loan of $122,892 (compared to this company's $25,175).
Similar Nearby Businesses Who Received PPP Funding:
Family Health Care Associates Limited Liability Company
Family Health Care Associates Of Barbourville, Incorporated
Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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 5 employees, 25% higher than William H Vickers OD PLLC's reported 4 employees, and received an average PPP loan of $38,577, 53% higher than this company's loan of $25,175.
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Footnotes & Information
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