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PPP Loan Data — Wisconsin Vision Associates, Inc,
Burlington, WI
Wisconsin Vision Associates, Inc
Entity: Corporation
Industry: Offices of Optometrists
Location: Burlington, WI
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Wisconsin Vision Associates, Inc is a corporation located at 35263 W. State St in Burlington, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,654,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-04Lender:
TOWN BANK, NATIONAL ASSOCIATIONWisconsin Vision Associates, Inc in Burlington, WI received a Paycheck Protection Loan of $2.65M through TOWN BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wisconsin Vision Associates, Inc's total 2019 payroll expenses were approximately $12.74M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $50,966 per employee1.
Business Information - Wisconsin Vision Associates, Inc in Burlington, WI
35263 W. State St
Burlington, WI 53105
Business Industry
Offices of Optometrists (NAICS code 621320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: WI-01Similar Companies near Burlington
In the Burlington area, 2 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 139 employees (compared to this company's 250) and received an average PPP loan of $1,473,700 (compared to this company's $2.65M).
Similar Nearby Businesses Who Received PPP Funding:
Family Vision Eye Care Clinics & Contact Lens Centers
Burlington, WI
Industry PPP Comparison Statistics
Nationwide, 16,785 businesses in the "Offices of Optometrists" industry received a total of $1,250,172,320.00 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 7 employees, 97% lower than Wisconsin Vision Associates, Inc's reported 250 employees, and received an average PPP loan of $74,482, 97% lower than this company's loan of $2.65M.
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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