Busco, Inc. in Omaha, NE - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Busco, Inc., Omaha, NE

Busco, Inc.

Entity: Corporation

Industry: Charter Bus Industry

Location: Omaha, NE

Busco, Inc. is a corporation located at 4220 S 52nd Street in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $5,565,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.57M

Jobs Retained:

500

Loan Approved:

2020-04-28

Lender:

UNION BANK AND TRUST COMPANY

Busco, Inc. in Omaha, NE received a Paycheck Protection Loan of $5.57M through UNION BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Busco, Inc.'s total 2019 payroll expenses were approximately $26.72M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $53,433 per employee¹.

Because the loan received by Busco, 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 - Busco, Inc. in Omaha, NE

Busco, Inc.
4220 S 52nd Street
Omaha, NE 68117

Business Industry

Charter Bus Industry (NAICS code 485510)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NE-02

Industry PPP Comparison Statistics

Nationwide, 953 businesses in the "Charter Bus Industry" industry received a total of $187,940,267.00 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 24 employees, 95% lower than Busco, Inc.'s reported 500 employees, and received an average PPP loan of $197,209, 96% lower than this company's loan of $5.57M.

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.

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