GORMAN INDUSTRIES, INC. (NM) - 2020 PPP Loan Borrower Profile (# 1833577403)

Updated on April 18, 2025.

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

1833577403

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$202,614

Date Loan was Approved

May 5, 2020

Amount Forgiven

$204,854.01

Date Loan was Forgiven

Jun 22, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

202,614

Lender

DreamSpring

Business Detail

Business Type

Corporation

NAICS

423730

Borrower Location

Albuquerque, NM

Project Location

Albuquerque, NM

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.