# PPP loan: HOFFCO HOLDINGS INC
> **$554K** approved 04/15/2020 · Paid in Full · Loan `8798457103`
## Borrower
- **Name:** HOFFCO HOLDINGS INC
- **Address:** 20 Cabot Boulevard, Mansfield, MA, 02048
- **NAICS:** 524298
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $554K
- **Initial approval:** $554K
- **Forgiven:** $560K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $496K
- **Rent:** $30K
- **Utilities:** $2K
- **Health care:** $25K
- **Jobs reported:** 32
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*