ADAMS PRODUCE INC. (NM) - 2020 PPP Loan Borrower Profile (# 8547157200)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAMS PRODUCE 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

8547157200

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$964,142.5

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$972,463.18

Date Loan was Forgiven

Mar 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

142,828.5

Payroll Proced

771,314

Mortgage Interest Proceed

50,000

Lender

First New Mexico Bank

Business Detail

Business Type

Corporation

NAICS

445230

Borrower Location

HATCH, NM

Project Location

HATCH, NM

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

178

Business Age Description

Existing or more than 2 years old

Data Source: SBA.