CONTINENTAL DIVIDE ELECTRIC COOP INC (NM) - 2020 PPP Loan Borrower Profile (# 1768887307)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CONTINENTAL DIVIDE ELECTRIC COOP 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

1768887307

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$1,241,636

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$1,250,327.45

Date Loan was Forgiven

Jan 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,241,636

Lender

TBK Bank, SSB

Business Detail

Business Type

Cooperative

NAICS

221122

Borrower Location

GRANTS, NM

Project Location

GRANTS, 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.