DESERT PALMS HOME BUILDERS (NM) - 2020 PPP Loan Borrower Profile (# 1163487204)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DESERT PALMS HOME BUILDERS. 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

1163487204

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$3,842.5

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$3,868.36

Date Loan was Forgiven

Feb 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

400

Payroll Proced

3,074

Mortgage Interest Proceed

368.5

Lender

First New Mexico Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

236115

Borrower Location

DEMING, NM

Project Location

DEMING, 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.