BUILDERTREND SOLUTIONS INC.
PPP Loan approved Apr 6, 2020 through Northwest Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $6,054,200.00 | 93.8% |
| Rent / Lease | $369,900.00 | 5.7% |
| Health Care | $30,000.00 | 0.5% |
About This Loan
BUILDERTREND SOLUTIONS INC. received a PPP loan of $6,454,100 approved on Apr 6, 2020. The loan was originated by Northwest Bank.
BUILDERTREND SOLUTIONS INC. is a corporation located in OMAHA, Nebraska. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Software Publishers industry (NAICS 511210), part of the Information sector of the economy. The applicant reported 497 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: $6,054,200 to payroll, $369,900 to rent or lease obligations, $30,000 to health care costs. The payroll component represents 93.8% 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 Software Publishers industry page.