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PPP Loan Data — LYN Mcrainey, Nashville, TN

ALERT: There are 2 PPP loans for a total of $41,665 in our database for businesses with the name "LYN Mcrainey" in Nashville, TN. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for LYN Mcrainey
TN

LYN Mcrainey

Entity: Sole Proprietorship

Industry: Offices of Mental Health Practitioners (except Physicians)

Location: Nashville, TN

Search All PPP Data

LYN Mcrainey is a sole proprietorship located in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in February, 2021.

$ PPP Loan Information
Loan #9499108409

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-02-17

Loan Status:

Paid in Full or Forgiven

Lender:

Studio Bank

LYN Mcrainey in Nashville, TN received a Paycheck Protection Loan of $20,833 through Studio Bank, which was approved in February, 2021.

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 November, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, LYN Mcrainey reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,833

Business Information - LYN Mcrainey in Nashville, TN

LYN Mcrainey
Nashville, TN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Mental Health Practitioners (except Physicians)
NAICS code 621330

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Davidson County, TN — SBA Office 0474 — Congressional District: TN-05

Similar Companies near Nashville

In the Nashville area, 29 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $33,863 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 35,346 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $1.26B 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 4 employees, 300% higher than LYN Mcrainey's reported 1 employees, and received an average PPP loan of $35,510, 70% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for LYN Mcrainey
TN

LYN Mcrainey

Entity: Sole Proprietorship

Industry: Offices of Mental Health Practitioners (except Physicians)

Location: Nashville, TN

Search All PPP Data

LYN Mcrainey is a sole proprietorship located in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in June, 2020.

$ PPP Loan Information
Loan #6259068004

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2020-06-30

Loan Status:

Paid in Full or Forgiven

Lender:

Studio Bank

LYN Mcrainey in Nashville, TN received a Paycheck Protection Loan of $20,832 through Studio Bank, which was approved in June, 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 March, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, LYN Mcrainey reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,832

Business Information - LYN Mcrainey in Nashville, TN

LYN Mcrainey
Nashville, TN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Mental Health Practitioners (except Physicians)
NAICS code 621330

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Davidson County, TN — SBA Office 0474 — Congressional District: TN-05

Similar Companies near Nashville

In the Nashville area, 29 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $33,863 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 35,346 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $1.26B 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 4 employees, 300% higher than LYN Mcrainey's reported 1 employees, and received an average PPP loan of $35,510, 70% higher than this company's loan of $20,832.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lyn-mcrainey-nashville-tn