PPP Loan Data — Rana Petroleum LLC, Omaha, NE
Rana Petroleum LLC is a limited liability company (LLC) located at 3024 Ames Ave in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $46,572.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank of Omaha
Rana Petroleum LLC in Omaha, NE received a Paycheck Protection Loan of $46,572 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 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, Rana Petroleum LLC's 2019 payroll expenses are estimated to be at least $223,546.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,838 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rana Petroleum LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,572
Business Information - Rana Petroleum LLC in Omaha, NE
3024 Ames Ave
Omaha, NE 68111
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Omaha
In the Omaha area, 7 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 9) and received an average PPP loan of $39,075 (compared to this company's $46,572).
Similar Nearby Businesses Who Received PPP Funding:
C A Howell, Inc
HA Mart LLC
KMN Express Inc
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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 10 employees, 11% higher than Rana Petroleum LLC's reported 9 employees, and received an average PPP loan of $45,821, 2% lower than this company's loan of $46,572.
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Footnotes & Information
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