GCI, INC. (NM) - 2020 PPP Loan Borrower Profile (# 5962557010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to GCI, 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

5962557010

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$1,875,000

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$1,886,302.08

Date Loan was Forgiven

Nov 19, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,210.84

Payroll Proced

1,428,173.52

Rent Proceed

124,191.3

Health Care Proceed

269,036.21

Debt Interest Proceed

48,388.13

Lender

Western Bank, Artesia, New Mexico

Business Detail

Business Type

Corporation

NAICS

213112

Borrower Location

HOBBS, NM

Project Location

HOBBS, NM

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

113

Business Age Description

Existing or more than 2 years old

Data Source: SBA.