FRANKLIN'S EARTHMOVING, INC. (NM) - 2020 PPP Loan Borrower Profile (# 2488807109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FRANKLIN'S EARTHMOVING, 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

2488807109

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$3,530,404

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$3,571,003.65

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

441,300

Payroll Proced

2,647,804

Rent Proceed

441,300

Lender

First Source Federal Credit Union

Business Detail

Business Type

Corporation

NAICS

238910

Borrower Location

ALBUQUERQUE, NM

Project Location

ALBUQUERQUE, NM

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

266

Business Age Description

Existing or more than 2 years old

Data Source: SBA.