FARMINGTON AUTO AUCTION INC (NM) - 2020 PPP Loan Borrower Profile (# 3695838307)

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

3695838307

SBA Office Code

0682

Processing Method

PPS

Curent Loan Amount

$13,975

Date Loan was Approved

Jan 22, 2021

Amount Forgiven

$14,119.73

Date Loan was Forgiven

Feb 8, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

13,971

Lender

The Citizens Bank

Business Detail

Business Type

Corporation

NAICS

425120

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.