PPP Loan Data — Jones Irrigation & Fabricating, Tuckerman, AR
Jones Irrigation & Fabricating is a sole proprietorship located at 1133 Highway 367 Po Box 38 in Tuckerman, Arkansas that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Merchants & Planters Bank
Jones Irrigation & Fabricating in Tuckerman, AR received a Paycheck Protection Loan of $46,400 through Merchants & Planters Bank, 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 March, 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, Jones Irrigation & Fabricating's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jones Irrigation & Fabricating reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,800
- Utilities: $5,800
- Rent: $5,800
Business Information - Jones Irrigation & Fabricating in Tuckerman, AR
1133 Highway 367 Po Box 38
Tuckerman, AR 72473
Beef Cattle Ranching and Farming
NAICS code 112111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 215,770 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 1 employees, 67% lower than Jones Irrigation & Fabricating's reported 3 employees, and received an average PPP loan of $12,970, 72% lower than this company's loan of $46,400.
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Footnotes & Information
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