ARIES WELL SERVICE INC (NM) - 2020 PPP Loan Borrower Profile (# 2237977109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARIES WELL SERVICE 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

2237977109

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$2,276,578

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$2,303,138.08

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

2,276,578

Lender

American Momentum Bank

Business Detail

Business Type

Corporation

NAICS

213112

Borrower Location

HOBBS, NM

Project Location

HOBBS, NM

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

111

Business Age Description

Existing or more than 2 years old

Data Source: SBA.