COLLECTION RESOURCES INC. (NM) - 2020 PPP Loan Borrower Profile (# 2625168503)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to COLLECTION RESOURCES 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

2625168503

SBA Office Code

0682

Processing Method

PPS

Curent Loan Amount

$241,000

Date Loan was Approved

Feb 20, 2021

Amount Forgiven

$178,218.62

Date Loan was Forgiven

May 12, 2022

Loan Status

Exemption 4

Loan Term

60 Months

Utilities Proced

Payroll Proced

240,994

Lender

First American Bank

Business Detail

Business Type

Corporation

NAICS

561440

Borrower Location

Las Cruces, NM

Project Location

Las Cruces, NM

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.