GARCIA ENTERPRISES INC. (NM) - 2020 PPP Loan Borrower Profile (# 4271898402)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to GARCIA ENTERPRISES 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

4271898402

SBA Office Code

0682

Processing Method

PPS

Curent Loan Amount

$1,658,338

Date Loan was Approved

Feb 6, 2021

Amount Forgiven

$1,678,465.23

Date Loan was Forgiven

Apr 28, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

1,658,333

Lender

Bank of America, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

722511

Borrower Location

Albuquerque, NM

Project Location

Albuquerque, NM

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

187

Business Age Description

Existing or more than 2 years old

Data Source: SBA.