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

SBA PPP loan data, payroll data, and salaries for Busco, Inc.
NE

Busco, Inc.

Entity: Corporation

Industry: Charter Bus Industry

Location: Omaha, NE

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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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/busco-inc-omaha-ne