PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Eastern Nebraska Steel Companies, Omaha, NE

ALERT: There are 2 PPP loans for a total of $78,335 in our database for businesses with the name "Eastern Nebraska Steel Companies" in Omaha, NE. 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 Eastern Nebraska Steel Companies
NE

Eastern Nebraska Steel Companies

Entity: Subchapter S Corporation

Industry: Fabricated Structural Metal Manufacturing

Location: Omaha, NE

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Eastern Nebraska Steel Companies is a subchapter s corporation located at 3363 S 114th Ave in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $46,735.00 in January, 2021.

$ PPP Loan Information
Loan #3010888309

Loan Size:

$46,735

Jobs Retained:

9

Loan Approved:

2021-01-21

Loan Status:

Ongoing Loan

Lender:

Enterprise Bank

Eastern Nebraska Steel Companies in Omaha, NE received a Paycheck Protection Loan of $46,735 through Enterprise Bank, which was approved in January, 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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Eastern Nebraska Steel Companies' 2019 payroll expenses are estimated to be at least $224,328.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,925 per employee1

Reported PPP Proceed Usage:

On the PPP application, Eastern Nebraska Steel Companies reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,733
  • Utilities: $1

Business Information - Eastern Nebraska Steel Companies in Omaha, NE

Eastern Nebraska Steel Companies
3363 S 114th Ave
Omaha, NE 68144

Business Industry:
Fabricated Structural Metal Manufacturing
NAICS code 332312

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

Douglas County, NE — SBA Office 0766 — Congressional District: NE-02

Industry PPP Comparison Statistics

Nationwide, 5,157 businesses in the "Fabricated Structural Metal Manufacturing" industry received a total of $1.41B 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 24 employees, 167% higher than Eastern Nebraska Steel Companies' reported 9 employees, and received an average PPP loan of $273,385, 485% higher than this company's loan of $46,735.

SBA PPP loan data, payroll data, and salaries for Eastern Nebraska Steel Companies
NE

Eastern Nebraska Steel Companies

Entity: Subchapter S Corporation

Industry: Wholesale Trade Agents and Brokers

Location: Omaha, NE

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Eastern Nebraska Steel Companies is a subchapter s corporation located at 3363 S 114 Ave in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $31,600.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #5726847001

Loan Size:

$31,600

Jobs Retained:

4

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

Enterprise Bank

Eastern Nebraska Steel Companies in Omaha, NE received a Paycheck Protection Loan of $31,600 through Enterprise Bank, which was approved in April, 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 January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Eastern Nebraska Steel Companies' 2019 payroll expenses are estimated to be at least $151,680.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $37,920 per employee1

Reported PPP Proceed Usage:

On the PPP application, Eastern Nebraska Steel Companies reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $31,600

Business Information - Eastern Nebraska Steel Companies in Omaha, NE

Eastern Nebraska Steel Companies
3363 S 114 Ave
Omaha, NE 68144

Business Industry:
Wholesale Trade Agents and Brokers
NAICS code 425120

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Douglas County, NE — SBA Office 0766 — Congressional District: NE-02

Industry PPP Comparison Statistics

Nationwide, 32,002 businesses in the "Wholesale Trade Agents and Brokers" industry received a total of $1.03B 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 3 employees, 25% lower than Eastern Nebraska Steel Companies' reported 4 employees, and received an average PPP loan of $32,279, 2% higher than this company's loan of $31,600.

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/eastern-nebraska-steel-companies-omaha-ne