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PPP Loan Data — Kobussen Buses, LTD, Kaukauna, WI

SBA PPP loan data, payroll data, and salaries for Kobussen Buses, LTD
WI

Kobussen Buses, LTD

Entity: Subchapter S Corporation

Industry: School and Employee Bus Transportation

Location: Kaukauna, WI

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Kobussen Buses, LTD is a subchapter s corporation located at W914 County Road Ce in Kaukauna, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,783,000.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.78M

Jobs Retained:

500

Loan Approved:

2020-04-08

Lender:

FIRST BUSINESS BANK

Kobussen Buses, LTD in Kaukauna, WI received a Paycheck Protection Loan of $3.78M through FIRST BUSINESS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kobussen Buses, LTD's total 2019 payroll expenses were approximately $18.16M 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 $36,317 per employee1.

Because the loan received by Kobussen Buses, LTD 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 - Kobussen Buses, LTD in Kaukauna, WI

Kobussen Buses, LTD
W914 County Road Ce
Kaukauna, WI 54130

Business Industry

School and Employee Bus Transportation (NAICS code 485410)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: WI-08

Industry PPP Comparison Statistics

Nationwide, 1,324 businesses in the "School and Employee Bus Transportation" industry received a total of $291,070,688.00 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 35 employees, 93% lower than Kobussen Buses, LTD's reported 500 employees, and received an average PPP loan of $219,842, 94% lower than this company's loan of $3.78M.

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/kobussen-buses-ltd-kaukauna-wi