SPREETAIL, LLC
PPP Loan approved Apr 9, 2020 through JPMorgan Chase Bank, National Association
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $6,949,635.00 | 75.9% |
| Rent / Lease | $2,202,055.00 | 24.1% |
About This Loan
SPREETAIL, LLC received a PPP loan of $9,151,690 approved on Apr 9, 2020. The loan was originated by JPMorgan Chase Bank, National Association.
SPREETAIL, LLC is a limited liability company(llc) located in LINCOLN, Nebraska. At the time of the application, the business was described as "new business or 2 years or less".
The business operates in the Electronic Shopping and Mail-Order Houses industry (NAICS 454110), part of the Retail Trade sector of the economy. The applicant reported 486 jobs as retained through this loan.
No forgiveness has been recorded for this loan in the SBA's September 2024 data release. Possible explanations include: the borrower chose to repay rather than apply for forgiveness; the forgiveness application was denied; the loan was still in repayment status at the time of the data freeze; or the borrower defaulted, leading to a charge-off.
According to the SBA's records, the proceeds of this loan were allocated as follows: $6,949,635 to payroll, $2,202,055 to rent or lease obligations. The payroll component represents 75.9% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Nebraska, visit the Nebraska page. To compare this loan with others in the same industry, see the Electronic Shopping and Mail-Order Houses industry page.