Koley Jessen PC. L.l.o in Omaha, NE - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Koley Jessen PC. L.l.o, Omaha, NE

Koley Jessen PC. L.l.o

Entity: Corporation

Industry: Offices of Lawyers

Location: Omaha, NE

Koley Jessen PC. L.l.o is a corporation located at 1125 S 103rd St One Pacific Pl Suite 800 in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $2,775,000.00 in April, 2020.

$ PPP Loan Information
Loan #1345897101

Loan Size:

$2.78M

Jobs Retained:

145

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

First National Bank of Omaha

Koley Jessen PC. L.l.o in Omaha, NE received a Paycheck Protection Loan of $2.78M through First National Bank of Omaha, 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 July, 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.

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.

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, Koley Jessen PC. L.l.o's 2019 payroll expenses are estimated to be at least $13.32M.

Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $91,862 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Koley Jessen PC. L.l.o reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $2,775,000

Because the loan received by Koley Jessen PC. L.l.o 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 - Koley Jessen PC. L.l.o in Omaha, NE

Koley Jessen PC. L.l.o
1125 S 103rd St One Pacific Pl Suite 800
Omaha, NE 68124

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

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

Similar Companies near Omaha

In the Omaha area, 39 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 145) and received an average PPP loan of $127,402 (compared to this company's $2.78M).

Similar Nearby Businesses Who Received PPP Funding:

James R Place
Omaha, NE

$21,196 PPP Loan

Black & Weir Law Offices, LLC
Bellevue, NE

$30,900 PPP Loan

The Law Offices Of Ronald J Palagi
Omaha, NE

$87,150 PPP Loan

Elder Law Of Omaha Catherine N Swiniarski PC Llo
Omaha, NE

$135,706 PPP Loan

Ronald J Palagi, PC., L.l.o
Omaha, NE

$78,900 PPP Loan

Young & White Law Offices
Omaha, NE

$31,500 PPP Loan

Seamus Kelly
Omaha, NE

$16,550 PPP Loan

Steffi A Swanson PC. LLP
Bellevue, NE

$30,610 PPP Loan

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, 96% lower than Koley Jessen PC. L.l.o's reported 145 employees, and received an average PPP loan of $81,669, 97% lower than this company's loan of $2.78M.

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, 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.

Search FederalPay's Full PPP Loan Database

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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