PPP Loan Data — Timber Automation, LLC, Hot Springs, AR
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
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.
Business Information - Timber Automation, LLC in Hot Springs, AR
400 Aviation Plaza
Hot Springs, AR 71913
Other Building Equipment Contractors (NAICS code 238290)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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Footnotes & Information
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