ALGAVAN INC (NM) - 2020 PPP Loan Borrower Profile (# 9087598409)

Updated on April 18, 2025.

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

9087598409

SBA Office Code

0682

Processing Method

PPS

Curent Loan Amount

$382,272.6

Date Loan was Approved

Feb 14, 2021

Amount Forgiven

$295,312.15

Date Loan was Forgiven

Jun 2, 2022

Loan Status

Exemption 4

Loan Term

60 Months

Utilities Proced

Payroll Proced

382,270.6

Lender

Enterprise Bank & Trust

Business Detail

Business Type

Corporation

NAICS

561311

Borrower Location

Santa Fe, NM

Project Location

Santa Fe, NM

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.