CLASSIC INDUSTRIES INC (NM) - 2020 PPP Loan Borrower Profile (# 1760177105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CLASSIC INDUSTRIES 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

1760177105

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$129,540

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$131,126.87

Date Loan was Forgiven

Jul 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,000

Payroll Proced

114,000

Rent Proceed

10,540

Lender

Citizens Bank of Las Cruces

Business Detail

Business Type

Corporation

NAICS

236115

Borrower Location

DONA ANA, NM

Project Location

DONA ANA, NM

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.