GYM MAGIC INC. (NM) - 2020 PPP Loan Borrower Profile (# 7685668309)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to GYM MAGIC 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

7685668309

SBA Office Code

0682

Processing Method

PPS

Curent Loan Amount

$150,900

Date Loan was Approved

Jan 28, 2021

Amount Forgiven

$152,045.19

Date Loan was Forgiven

Nov 3, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

150,897

Lender

Southwest Heritage Bank

Business Detail

Business Type

Corporation

NAICS

611620

Borrower Location

Las Cruces, NM

Project Location

Las Cruces, NM

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.