DATA SYSTEMS, INC.
PPP Loan approved Apr 9, 2020 through Waukesha State Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $6,086,600.00 | 100.0% |
About This Loan
DATA SYSTEMS, INC. received a PPP loan of $6,086,600 approved on Apr 9, 2020. The loan was originated by Waukesha State Bank.
DATA SYSTEMS, 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 Professional and Commercial Equipment Merchant Wholesalers industry (NAICS 423430), part of the Wholesale Trade sector of the economy. The applicant reported 462 jobs as retained through this loan.
The SBA forgave $6,152,968.95 of this loan — 101.1% of the total approved amount, with forgiveness recorded on May 24, 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: $6,086,600 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 Professional and Commercial Equipment Merchant Wholesalers industry page.