April 25, 2024

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Keeping enterprise open up: Figures display west central Nebraska gains from PPP | Nearby

Among other conclusions from The Telegraph’s analysis of regional PPP info:

» The average forgivable PPP bank loan in the 22 west central Nebraska counties was $49,700, with Lincoln County averaging $55,970 and North Platte $63,816.

» The region’s median loan determine — the range at the halfway place among all 3,716 recipients — was a far reduced $14,800. Lincoln County’s median was $19,635 and North Platte’s $23,100.

» 20-5 regional for profit or nonprofit employers obtained PPP loans of $1 million or extra. Their loans totaled just less than $49.5 million, 26.8% of west central Nebraska’s whole.

Financial loans of $150,000 or extra went to 184 regional recipients, accounting for $100.4 million or 54.3% of total PPP loans.

North Platte had 50 PPP loans of $150,000 or a lot more, totaling $20.26 million or 53.2% of the complete for the city’s ZIP codes.

» About 1 in 8 regional PPP recipients failed to checklist the quantities of careers coated by their loans.

Among the 3,297 that did, about 85% reported obtaining 10 or less workforce. Only 49 recipients had 50 employees or a lot more, with the major getting 281.

» On the other conclusion of the scale, 1,410 PPP loans in the 22 counties — 37.9% of the regional complete — have been for significantly less than $10,000. Nineteen had been for significantly less than $1,000, with the smallest remaining $300.