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PPP Loan Data — Timber Automation, LLC, Hot Springs, AR

SBA PPP loan data, payroll data, and salaries for Timber Automation, LLC
AR

Timber Automation, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Building Equipment Contractors

Location: Hot Springs, AR

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Timber Automation, LLC is a limited liability company (LLC) located at 400 Aviation Plaza in Hot Springs, Arkansas that received a Coronavirus-related PPP loan from the SBA of $3,352,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.35M

Jobs Retained:

272

Loan Approved:

2020-04-16

Lender:

REGIONS BANK

Timber Automation, LLC in Hot Springs, AR received a Paycheck Protection Loan of $3.35M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Timber Automation, LLC's total 2019 payroll expenses were approximately $16.09M in order to qualify for the PPP loan amount received.

Based on their reported 272 jobs retained, this equals an estimated average yearly compensation of $59,165 per employee1.

Because the loan received by Timber Automation, LLC 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 - Timber Automation, LLC in Hot Springs, AR

Timber Automation, LLC
400 Aviation Plaza
Hot Springs, AR 71913

Business Industry

Other Building Equipment Contractors (NAICS code 238290)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AR-04

Industry PPP Comparison Statistics

Nationwide, 4,721 businesses in the "Other Building Equipment Contractors" industry received a total of $856,112,742.00 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 12 employees, 96% lower than Timber Automation, LLC's reported 272 employees, and received an average PPP loan of $181,341, 95% lower than this company's loan of $3.35M.

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/timber-automation-llc-hot-springs-ar