OMAHA TRUCK CENTER INC
PPP Loan approved Apr 11, 2020 through First National Bank of Omaha
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $8,533,990.46 | 100.0% |
About This Loan
OMAHA TRUCK CENTER INC received a PPP loan of $8,533,990 approved on Apr 11, 2020. The loan was originated by First National Bank of Omaha.
OMAHA TRUCK CENTER INC is a corporation located in COLUMBUS, Nebraska. At the time of the application, the business was described as "unanswered".
The business operates in the Automobile Dealers industry (NAICS 441110), part of the Retail Trade sector of the economy. The applicant reported 33 jobs as retained through this loan.
The SBA forgave $8,669,111.98 of this loan — 101.6% of the total approved amount, with forgiveness recorded on Nov 9, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $8,533,990 to payroll. The payroll component represents 100.0% 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 Automobile Dealers industry page.