CORNERSTONE RANCH, INC. (NM) - 2020 PPP Loan Borrower Profile (# 4772027107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CORNERSTONE RANCH, 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

4772027107

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$25,458

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$25,597.31

Date Loan was Forgiven

Nov 2, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,364.5

Payroll Proced

19,093.5

Lender

The Citizens Bank of Clovis

Business Detail

Business Type

Subchapter S Corporation

NAICS

112111

Borrower Location

FORT SUMNER, NM

Project Location

FORT SUMNER, NM

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.