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PPP Loan Data — Wyman-Sicher Eye Associates, SC,
Peoria, IL
Wyman-Sicher Eye Associates, SC
Entity: Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Peoria, IL
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Wyman-Sicher Eye Associates, SC is a corporation located at 8921 North Wood Sage Rd in Peoria, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,647,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 186 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
186Loan Approved:
2020-04-07Lender:
MORTON COMMUNITY BANKWyman-Sicher Eye Associates, SC in Peoria, IL received a Paycheck Protection Loan of $2.65M through MORTON COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wyman-Sicher Eye Associates, SC's total 2019 payroll expenses were approximately $12.71M in order to qualify for the PPP loan amount received.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $68,312 per employee1.
Business Information - Wyman-Sicher Eye Associates, SC in Peoria, IL
8921 North Wood Sage Rd
Peoria, IL 61615
Business Industry
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: IL-18Similar Companies near Peoria
In the Peoria area, 30 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 186) and received an average PPP loan of $570,522 (compared to this company's $2.65M).
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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, 95% lower than Wyman-Sicher Eye Associates, SC's reported 186 employees, and received an average PPP loan of $138,136, 95% 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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