DOWNTOWNABQ MAINSTREET INITIATIVE (NM) - 2020 PPP Loan Borrower Profile (# 1655008301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DOWNTOWNABQ MAINSTREET INITIATIVE. 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

1655008301

SBA Office Code

0682

Processing Method

PPS

Curent Loan Amount

$37,502

Date Loan was Approved

Jan 19, 2021

Amount Forgiven

$37,764.51

Date Loan was Forgiven

Oct 6, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

37,502

Lender

DreamSpring

Business Detail

Business Type

Non-Profit Organization

NAICS

813319

Borrower Location

Albuquerque, NM

Project Location

Albuquerque, 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.