FARMINGTON AUTO AUCTION INC (NM) - 2020 PPP Loan Borrower Profile (# 1769947107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FARMINGTON AUTO AUCTION 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

1769947107

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$13,900

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$14,000.92

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

13,900

Lender

The Citizens Bank

Business Detail

Business Type

Corporation

NAICS

541990

Borrower Location

FARMINGTON, NM

Project Location

FARMINGTON, 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.