505 RESOURCES INC (NM) - 2020 PPP Loan Borrower Profile (# 4150477304)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 505 RESOURCES INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in New Mexico.

Loan Detail

Loan Number

4150477304

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$13,700

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$13,861.02

Date Loan was Forgiven

Jul 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

13,700

Lender

New Mexico Bank and Trust, A Division of HTLF Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

531311

Borrower Location

CLOVIS, NM

Project Location

CLOVIS, NM

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.