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PPP Loan Data — Tracey Snipes, Fayetteville, NC

SBA PPP loan data, payroll data, and salaries for Tracey Snipes
NC

Tracey Snipes

Entity: Sole Proprietorship

Industry: Offices of Lawyers

Location: Fayetteville, NC

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Tracey Snipes is a sole proprietorship located in Fayetteville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $16,029.00 in March, 2021.

The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #4165608610

Loan Size:

$16,029

Jobs Retained:

1

Loan Approved:

2021-03-18

Loan Status:

Ongoing Loan

Lender:

First Horizon Bank

Tracey Snipes in Fayetteville, NC received a Paycheck Protection Loan of $16,029 through First Horizon Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


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, Tracey Snipes reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $16,027
  • Utilities: $1

Business Information - Tracey Snipes in Fayetteville, NC

Tracey Snipes
Fayetteville, NC
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Black or African American

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Cumberland County, NC — SBA Office 0460 — Congressional District: NC-08

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Tracey Snipes.

Tracey Snipes DBA None
Offices of Lawyers

$6,468 PPP Loan

Similar Companies near Fayetteville

In the Fayetteville area, 5 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 1) and received an average PPP loan of $1,000,128 (compared to this company's $16,029).

Industry PPP Comparison Statistics

Nationwide, 200,507 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 500% higher than Tracey Snipes' reported 1 employees, and received an average PPP loan of $81,669, 410% higher than this company's loan of $16,029.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/tracey-snipes-fayetteville-nc