ARB-READY CORPERATION (NM) - 2020 PPP Loan Borrower Profile (# 8060597005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARB-READY CORPERATION. 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

8060597005

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$128,922

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$129,861.54

Date Loan was Forgiven

Jan 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

128,922

Lender

First State Bank

Business Detail

Business Type

Corporation

NAICS

721110

Borrower Location

SOCORRO, NM

Project Location

SOCORRO, NM

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.