FORMATION COUNSELING SERVICES INC (NM) - 2020 PPP Loan Borrower Profile (# 5926967704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FORMATION COUNSELING SERVICES 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

5926967704

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$257,935

Date Loan was Approved

May 1, 2020

Amount Forgiven

$259,729.94

Date Loan was Forgiven

Jan 14, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

257,935

Lender

Bank of America, National Association

Business Detail

Business Type

Non-Profit Organization

NAICS

624190

Borrower Location

ALBUQUERQUE, NM

Project Location

ALBUQUERQUE, NM

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.