CORCLYN ENTERPRISES INC. (NM) - 2020 PPP Loan Borrower Profile (# 6294447010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CORCLYN ENTERPRISES 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

6294447010

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$300,000

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$302,048.34

Date Loan was Forgiven

Feb 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

15,000

Payroll Proced

280,000

Mortgage Interest Proceed

5,000

Lender

James Polk Stone Community Bank

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

PORTALES, NM

Project Location

PORTALES, NM

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

120

Business Age Description

Existing or more than 2 years old

Data Source: SBA.