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PPP Loan Data — J.A. Riggs Tractor Company, Little Rock, AR

SBA PPP loan data, payroll data, and salaries for J.A. Riggs Tractor Company
AR

J.A. Riggs Tractor Company

Entity: Subchapter S Corporation

Industry: Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing

Location: Little Rock, AR

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J.A. Riggs Tractor Company is a subchapter s corporation located at 9125 Interstate 30 in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $6,778,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.78M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-08

Lender:

SIMMONS BANK

J.A. Riggs Tractor Company in Little Rock, AR received a Paycheck Protection Loan of $6.78M through SIMMONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, J.A. Riggs Tractor Company's total 2019 payroll expenses were approximately $32.54M in order to qualify for the PPP loan amount received.

Unlike most businesses, J.A. Riggs Tractor Company's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by J.A. Riggs Tractor Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - J.A. Riggs Tractor Company in Little Rock, AR

J.A. Riggs Tractor Company
9125 Interstate 30
Little Rock, AR 72209

Business Industry

Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (NAICS code 333924)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AR-02

Industry PPP Comparison Statistics

Nationwide, 510 businesses in the "Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing" industry received a total of $132,525,390.00 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 19 employees, and received an average PPP loan of $259,854, 96% lower than this company's loan of $6.78M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/ja-riggs-tractor-company-little-rock-ar