PPP Loan Data — Hoffman Cabinets, Inc., Mansfield, TX
Hoffman Cabinets, Inc. is a corporation located at 204 Sentry Dr in Mansfield, Texas that received a Coronavirus-related PPP loan from the SBA of $3,334,218.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 426 people during the applicable loan loan period.
$ PPP Loan Information
Hoffman Cabinets, Inc. in Mansfield, TX received a Paycheck Protection Loan of $3.33M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hoffman Cabinets, Inc.'s total 2019 payroll expenses were approximately $16M in order to qualify for the PPP loan amount received.
Based on their reported 426 jobs retained, this equals an estimated average yearly compensation of $37,569 per employee1.
Business Information - Hoffman Cabinets, Inc. in Mansfield, TX
204 Sentry Dr
Mansfield, TX 76063
Wood Kitchen Cabinet and Countertop Manufacturing (NAICS code 337110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-25
Similar Companies near Mansfield
In the Mansfield area, 2 businesses in the "Wood Kitchen Cabinet and Countertop Manufacturing" industry received a PPP loan. These local businesses reported an average of 214 employees (compared to this company's 426) and received an average PPP loan of $1,673,859 (compared to this company's $3.33M).
Similar Nearby Businesses Who Received PPP Funding:
Fricks Custom Cabinets
Industry PPP Comparison Statistics
Nationwide, 5,439 businesses in the "Wood Kitchen Cabinet and Countertop Manufacturing" industry received a total of $649,251,122.00 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, 97% lower than Hoffman Cabinets, Inc.'s reported 426 employees, and received an average PPP loan of $119,370, 96% lower than this company's loan of $3.33M.
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Footnotes & Information
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