PPP Loan Data — HB Construction, Inc., Albuquerque, NM
HB Construction, Inc.
Entity: Subchapter S Corporation
Location: Albuquerque, NMTweet This • Search All PPP Data
HB Construction, Inc. is a subchapter s corporation located at 3010 Monte Vista Blvd in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $2,592,012.00 in April, 2020.
$ PPP Loan Information
Lender:SOUTHWEST CAPITAL BANK
HB Construction, Inc. received a Paycheck Protection Loan of $2.59M through SOUTHWEST CAPITAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, HB Construction, Inc.'s total 2019 payroll expenses were approximately $12.44M in order to qualify for the PPP loan amount received.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $88,869 per employee1.
Business Information - HB Construction, Inc. in Albuquerque, NM
3010 Monte Vista Blvd
Albuquerque, NM 87106
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NM-01
Similar Companies near Albuquerque
In the Albuquerque area, 28 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 140) and received an average PPP loan of $524,721 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Precision Masonry, Inc.
PG Enterprises, LLC
Robert Trujillo Construction, LLC
Gonzalez Mechanical LLC
Stoven Construction, Inc.
Brothers Construction LLC
Wilger Enterprises, Inc.
Northern Constructors Inc
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 91% lower than HB Construction, Inc.'s reported 140 employees, and received an average PPP loan of $203,235, 92% lower than this company's loan of $2.59M.
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