ELITE COMPLIANCE SERVICES, LLC (NM) - 2020 PPP Loan Borrower Profile (# 5889497008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ELITE COMPLIANCE SERVICES, LLC. 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

5889497008

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$47,400

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$47,707.78

Date Loan was Forgiven

Dec 9, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,000

Payroll Proced

37,900

Rent Proceed

3,500

Lender

Lea County State Bank

Business Detail

Business Type

Partnership

NAICS

541219

Borrower Location

HOBBS, NM

Project Location

HOBBS, NM

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.