PPP Loan Data — Hoffman Transportation, Inc., Channahon, IL
Hoffman Transportation, Inc. is a corporation located at 26062 Sw Frontage Road in Channahon, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,709,000.00 in April, 2020.
$ PPP Loan Information
Lender:WINTRUST BANK, NATIONAL ASSOCIATION
Hoffman Transportation, Inc. in Channahon, IL received a Paycheck Protection Loan of $3.71M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hoffman Transportation, Inc.'s total 2019 payroll expenses were approximately $17.8M in order to qualify for the PPP loan amount received.
Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $79,479 per employee1.
Business Information - Hoffman Transportation, Inc. in Channahon, IL
26062 Sw Frontage Road
Channahon, IL 60410
Short Line Railroads (NAICS code 482112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-16
Industry PPP Comparison Statistics
Nationwide, 146 businesses in the "Short Line Railroads" industry received a total of $44,761,785.00 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 20 employees, 91% lower than Hoffman Transportation, Inc.'s reported 224 employees, and received an average PPP loan of $306,588, 92% lower than this company's loan of $3.71M.
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Footnotes & Information
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