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PPP Loan Data — Goebel Fixture Co.,
Hutchinson, MN
Goebel Fixture Co.
Entity: Corporation
Industry: Custom Architectural Woodwork and Millwork Manufacturing
Location: Hutchinson, MN
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Goebel Fixture Co. is a corporation located at 528 Dale Street in Hutchinson, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,574,600.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 179 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
179Loan Approved:
2020-04-14Lender:
CENTER NATIONAL BANKGoebel Fixture Co. in Hutchinson, MN received a Paycheck Protection Loan of $2.57M through CENTER NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Goebel Fixture Co.'s total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $69,040 per employee1.
Business Information - Goebel Fixture Co. in Hutchinson, MN
528 Dale Street
Hutchinson, MN 55350
Business Industry
Custom Architectural Woodwork and Millwork Manufacturing (NAICS code 337212)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MN-07Industry PPP Comparison Statistics
Nationwide, 1,894 businesses in the "Custom Architectural Woodwork and Millwork Manufacturing" industry received a total of $279,602,902.00 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 11 employees, 94% lower than Goebel Fixture Co.'s reported 179 employees, and received an average PPP loan of $147,626, 94% lower than this company's loan of $2.57M.
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.
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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