FERGUSON CONSTRUCTION COMPANY (NM) - 2020 PPP Loan Borrower Profile (# 3031218502)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FERGUSON CONSTRUCTION COMPANY. 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

3031218502

SBA Office Code

0682

Processing Method

PPS

Curent Loan Amount

$2,000,000

Date Loan was Approved

Feb 22, 2021

Amount Forgiven

$1,843,659.4

Date Loan was Forgiven

Jun 6, 2022

Loan Status

Exemption 4

Loan Term

60 Months

Utilities Proced

Payroll Proced

1,999,995

Lender

Western Commerce Bank

Business Detail

Business Type

Corporation

NAICS

237120

Borrower Location

Lovington, NM

Project Location

Lovington, NM

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

149

Business Age Description

Existing or more than 2 years old

Data Source: SBA.