PPP Loan Data — J.d. & Billy Hines Trucking, Inc, Prescott, AR
J.d. & Billy Hines Trucking, Inc is a corporation located at 407 Hines Blvd in Prescott, Arkansas that received a Coronavirus-related PPP loan from the SBA of $2,311,050.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 240 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers Bank & Trust Company
J.d. & Billy Hines Trucking, Inc in Prescott, AR received a Paycheck Protection Loan of $2.31M through Farmers Bank & Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, J.d. & Billy Hines Trucking, Inc's 2019 payroll expenses are estimated to be at least $11.09M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $46,221 per employee1
Reported PPP Proceed Usage:
On the PPP application, J.d. & Billy Hines Trucking, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,311,050
Business Information - J.d. & Billy Hines Trucking, Inc in Prescott, AR
407 Hines Blvd
Prescott, AR 71857
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Prescott
In the Prescott area, 9 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 240) and received an average PPP loan of $272,368 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
Jason R Bassett
Carlton Truck And Trailer LLC
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than J.d. & Billy Hines Trucking, Inc's reported 240 employees, and received an average PPP loan of $37,520, 98% lower than this company's loan of $2.31M.
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Footnotes & Information
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