CHIPMAN & ASSOCIATES, LLC (NM) - 2020 PPP Loan Borrower Profile (# 8795897002)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CHIPMAN & ASSOCIATES, LLC. 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

8795897002

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$41,700

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$41,970.93

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

31,252

Rent Proceed

10,448

Lender

The Citizens Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

541219

Borrower Location

FARMINGTON, NM

Project Location

FARMINGTON, 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.