PPP Loan Data — Milford Pipe And Supply, Inc., Hobbs, NM
Milford Pipe And Supply, Inc. is a corporation located at 1224 Broadway Pl in Hobbs, New Mexico that received a Coronavirus-related PPP loan from the SBA of $2,862,456.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:AMERICAN MOMENTUM BANK
Milford Pipe And Supply, Inc. received a Paycheck Protection Loan of $2.86M through AMERICAN MOMENTUM BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Milford Pipe And Supply, Inc.'s total 2019 payroll expenses were approximately $13.74M in order to qualify for the PPP loan amount received.
Unlike most businesses, Milford Pipe And Supply, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Milford Pipe And Supply, Inc. in Hobbs, NM
1224 Broadway Pl
Hobbs, NM 88240
Textile and Fabric Finishing Mills (NAICS code 313310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NM-02
Industry PPP Comparison Statistics
Nationwide, 820 businesses in the "Textile and Fabric Finishing Mills" industry received a total of $145,355,062.00 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 15 employees, and received an average PPP loan of $177,262, 94% lower than this company's loan of $2.86M.
FederalPay's PPP Information Policy
Footnotes & Information
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