PPP Loan Data — Air Tractor, Inc., Olney, TX
Air Tractor, Inc. is a corporation located at 1524 Leland Snow Way in Olney, Texas that received a Coronavirus-related PPP loan from the SBA of $5,010,000.00 in May, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Air Tractor, Inc. in Olney, TX received a Paycheck Protection Loan of $5.01M through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.
Based on standard PPP eligibility rules, Air Tractor, Inc.'s total 2019 payroll expenses were approximately $24.05M in order to qualify for the PPP loan amount received.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $87,766 per employee1.
Business Information - Air Tractor, Inc. in Olney, TX
1524 Leland Snow Way
Olney, TX 76374
Aircraft Manufacturing (NAICS code 336411)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-19
Industry PPP Comparison Statistics
Nationwide, 433 businesses in the "Aircraft Manufacturing" industry received a total of $144,828,076.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 92% lower than Air Tractor, Inc.'s reported 274 employees, and received an average PPP loan of $334,476, 93% lower than this company's loan of $5.01M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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