PPP Loan Data — Pen-Link LTD, Lincoln, NE
Pen-Link LTD is a partnership located at 5936 Vandervoort Dr in Lincoln, Nebraska that received a Coronavirus-related PPP loan from the SBA of $1,736,031.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Pen-Link LTD in Lincoln, NE received a Paycheck Protection Loan of $1.74M through Congressional 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Pen-Link LTD's 2019 payroll expenses are estimated to be at least $8.33M.
Based on their reported 98 jobs retained, this equals an estimated average yearly compensation of $85,030 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pen-Link LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,736,031
Business Information - Pen-Link LTD in Lincoln, NE
5936 Vandervoort Dr
Lincoln, NE 68516
NAICS code 511210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lincoln
In the Lincoln area, 2 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 98) and received an average PPP loan of $875,766 (compared to this company's $1.74M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 13,466 businesses in the "Software Publishers" industry received a total of $2.73B 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 13 employees, 87% lower than Pen-Link LTD's reported 98 employees, and received an average PPP loan of $202,819, 88% lower than this company's loan of $1.74M.
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Footnotes & Information
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