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PPP Loan Data — The Bucklin Tractor & Implement Co, Inc, Bucklin, KS

SBA PPP loan data, payroll data, and salaries for The Bucklin Tractor & Implement Co, Inc
KS

The Bucklin Tractor & Implement Co, Inc

Entity: Corporation

Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Location: Bucklin, KS

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The Bucklin Tractor & Implement Co, Inc is a corporation located at 115 W Railroad St in Bucklin, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,838,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.84M

Jobs Retained:

193

Loan Approved:

2020-04-03

Lender:

GNBANK, NATIONAL ASSOCIATION

The Bucklin Tractor & Implement Co, Inc in Bucklin, KS received a Paycheck Protection Loan of $2.84M through GNBANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Bucklin Tractor & Implement Co, Inc's total 2019 payroll expenses were approximately $13.63M in order to qualify for the PPP loan amount received.

Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $70,600 per employee1.

Because the loan received by The Bucklin Tractor & Implement Co, Inc 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 - The Bucklin Tractor & Implement Co, Inc in Bucklin, KS

The Bucklin Tractor & Implement Co, Inc
115 W Railroad St
Bucklin, KS 67834

Business Industry

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (NAICS code 811310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KS-01

Industry PPP Comparison Statistics

Nationwide, 12,028 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $1,542,124,009.00 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 10 employees, 95% lower than The Bucklin Tractor & Implement Co, Inc's reported 193 employees, and received an average PPP loan of $128,211, 95% lower than this company's loan of $2.84M.

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/the-bucklin-tractor-and-implement-co-inc-bucklin-ks