EL CAMINO MOTEL INC (NM) - 2020 PPP Loan Borrower Profile (# 2983748402)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to EL CAMINO MOTEL 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

2983748402

SBA Office Code

0682

Processing Method

PPS

Curent Loan Amount

$96,513

Date Loan was Approved

Feb 4, 2021

Amount Forgiven

$97,113.53

Date Loan was Forgiven

Sep 22, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

96,510

Lender

Washington Federal Bank d/b/a WaFd Bank

Business Detail

Business Type

Corporation

NAICS

721110

Borrower Location

Socorro, NM

Project Location

Socorro, NM

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.