Keeping Business Open: Figures Show West Central Nebraska Benefiting from APP | Local


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Among other findings from The Telegraph’s analysis of regional APP data:

»The average forgivable PPP loan in Nebraska’s 22 West Central Counties was $ 49,700, with Lincoln County averaging $ 55,970 and North Platte $ 63,816.

»The median loan number for the region, the figure midway between the 3,716 beneficiaries, was much lower than $ 14,800. The Lincoln County median was $ 19,635 and the North Platte median was $ 23,100.

»Twenty-five regional non-profit and for-profit employers received PPP loans of $ 1 million or more. Its loans totaled just under $ 49.5 million, 26.8% of the total for West Central Nebraska.

Loans of $ 150,000 or more went to 184 regional beneficiaries, representing $ 100.4 million or 54.3% of total PPP loans.

North Platte had 50 PPP loans of $ 150,000 or more, totaling $ 20.26 million or 53.2% of the city’s total zip codes.

»About one in eight regional APP recipients did not list the number of jobs covered by their loans.

Among the 3,297 who did, roughly 85% reported having 10 or fewer employees. Only 49 beneficiaries had 50 or more employees, the largest being 281.

»At the other end of the scale, 1,410 PPP loans in the 22 counties – 37.9% of the regional total – were for less than $ 10,000. Nineteen were for less than $ 1,000, the smallest being $ 300.

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