CENTRAL NEW MEXICO ELECTRIC COOPERATIVE, INC. (NM) - 2020 PPP Loan Borrower Profile (# 6284147805)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CENTRAL NEW MEXICO ELECTRIC COOPERATIVE, 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

6284147805

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$972,582

Date Loan was Approved

Jun 1, 2020

Amount Forgiven

$979,471.12

Date Loan was Forgiven

Feb 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

972,582

Lender

CoBank ACB

Business Detail

Business Type

Cooperative

NAICS

221122

Borrower Location

MOUNTAINAIR, NM

Project Location

MOUNTAINAIR, NM

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.