ARTESIA FORD SALES (NM) - 2020 PPP Loan Borrower Profile (# 5989637010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARTESIA FORD SALES. 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

5989637010

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$262,742.57

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$264,265.97

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,370

Payroll Proced

239,539.23

Rent Proceed

8,333.34

Health Care Proceed

11,500

Lender

Western Bank, Artesia, New Mexico

Business Detail

Business Type

Corporation

NAICS

441110

Borrower Location

ARTESIA, NM

Project Location

ARTESIA, NM

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.