FederalPay.org
PPP Loan Data — Hoffman Cabinets, Inc.,
Mansfield, TX
Hoffman Cabinets, Inc.
Entity: Corporation
Industry: Wood Kitchen Cabinet and Countertop Manufacturing
Location: Mansfield, TX
Tweet This
•
Search All PPP Data
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
Loan Size:
Jobs Retained:
426Loan Approved:
2020-04-05Lender:
BBVA USAHoffman 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
Business Industry
Wood Kitchen Cabinet and Countertop Manufacturing (NAICS code 337110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-25Similar 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
Mansfield, TX
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!