FOUR STATES ELECTRIC, INC. (NM) - 2020 PPP Loan Borrower Profile (# 7232067100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FOUR STATES ELECTRIC, 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

7232067100

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$237,100

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$238,360.2

Date Loan was Forgiven

Nov 5, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,424

Payroll Proced

213,936

Rent Proceed

600

Health Care Proceed

19,140

Lender

The Citizens Bank

Business Detail

Business Type

Corporation

NAICS

238210

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.