GEORGE GANDY INSURANCE, LLC (NM) - 2020 PPP Loan Borrower Profile (# 6201097003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to GEORGE GANDY INSURANCE, LLC. 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

6201097003

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$287,015

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$288,633.45

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

18,448.7

Payroll Proced

229,612

Mortgage Interest Proceed

500

Rent Proceed

31,036

Health Care Proceed

7,418.3

Lender

Western Bank, Artesia, New Mexico

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

524210

Borrower Location

ARTESIA, NM

Project Location

ARTESIA, NM

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.