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PPP Loan Data — Michael Mcgowan, Omaha, NE

SBA PPP loan data, payroll data, and salaries for Michael Mcgowan
NE

Michael Mcgowan

Entity: Sole Proprietorship

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Omaha, NE

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Michael Mcgowan is a sole proprietorship located in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8778508605

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-03-25

Loan Status:

Active Un-Disbursed

Lender:

Farmers and Merchants Bank of Ashland
PPP Funds Undisbursed

Michael Mcgowan in Omaha, NE received a Paycheck Protection Loan of $20,833 through Farmers and Merchants Bank of Ashland, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $20,833 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Michael Mcgowan reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,832
  • Utilities: $1

Business Information - Michael Mcgowan in Omaha, NE

Michael Mcgowan
Omaha, NE
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

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

Similar Companies near Omaha

In the Omaha area, 14 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 1) and received an average PPP loan of $390,383 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 67,342 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $3.7B 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 5 employees, 400% higher than Michael Mcgowan's reported 1 employees, and received an average PPP loan of $55,017, 164% higher than this company's loan of $20,833.

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/michael-mcgowan-omaha-ne