Hot springs, AR — PPP Loan Data
1,139 loans · $51.9M total · 94.0% forgiven
Hot springs, Arkansas received 1,139 Paycheck Protection Program loans totaling $51.9M. The average loan in the city was $45,594 — below the national program average of approximately $67,000.
94.0% of loans in Hot springs — totaling $51.3M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.
Among the largest disclosed recipients in Hot springs were TIMBER AUTOMATION, LLC ($3,352,700), TIMBER AUTOMATION LLC ($2,000,000), and KEITH SMITH COMPANY, INC. ($1,554,800).
The most active industry sector in Hot springs was Personal Care Services with 86 loans worth $1.7M, followed by Accommodation and Food Services (72 loans).
Applicants in Hot springs reported retaining 7,487 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.
Hot springs is part of Arkansas, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.
Top Industries in Hot springs
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Personal Care ServicesNAICS 8121 | 86 | $1.7M | 91.9% |
| Accommodation and Food ServicesNAICS 7225 | 72 | $6.5M | 98.6% |
| Offices of Other Health PractitionersNAICS 6213 | 38 | $854,458 | 100.0% |
| Building Equipment ContractorsNAICS 2382 | 36 | $7.1M | 100.0% |
| Services to Buildings and DwellingsNAICS 5617 | 35 | $580,192 | 97.1% |
| Offices of Real Estate Agents and BrokersNAICS 5312 | 32 | $332,003 | 100.0% |
| Legal ServicesNAICS 5411 | 31 | $654,372 | 100.0% |
| Residential Building ConstructionNAICS 2361 | 31 | $471,047 | 90.3% |
| Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 29 | $587,126 | 100.0% |
| Automotive Repair and MaintenanceNAICS 8111 | 26 | $477,385 | 96.2% |
Largest Named Recipients in Hot springs
Only loans ≥ $150,000 have publicly disclosed borrower names.