Mainstream Living, Inc in Ames, IA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Mainstream Living, Inc, Ames, IA

IA Nonprofit Organization

Mainstream Living, Inc

Entity: Non-profit Organization

Industry: Residential Mental Health and Substance Abuse Facilities

Location: Ames, IA

Mainstream Living, Inc is a non-profit organization located at 2012 East 13th Street in Ames, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,229,002.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.23M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-09

Lender:

GREAT WESTERN BANK

Mainstream Living, Inc in Ames, IA received a Paycheck Protection Loan of $3.23M through GREAT WESTERN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mainstream Living, Inc's total 2019 payroll expenses were approximately $15.5M in order to qualify for the PPP loan amount received.

Unlike most businesses, Mainstream Living, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Mainstream Living, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Mainstream Living, Inc in Ames, IA

Mainstream Living, Inc
2012 East 13th Street
Ames, IA 50010

Business Industry

Residential Mental Health and Substance Abuse Facilities (NAICS code 623220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IA-04

Industry PPP Comparison Statistics

Nationwide, 2,121 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $773,399,773.00 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 38 employees, and received an average PPP loan of $364,639, 89% lower than this company's loan of $3.23M.

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.

Search FederalPay's Full PPP Loan Database

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.

Have FederalPay.org's open data tools been valuable? Consider donating!