JORGE MORALES (NM) - 2020 PPP Loan Borrower Profile (# 3849578610)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to JORGE MORALES. 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

3849578610

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$17,480

Date Loan was Approved

Mar 17, 2021

Amount Forgiven

$10,084.17

Date Loan was Forgiven

Mar 10, 2022

Loan Status

Charged Off

Loan Term

19 Months

Payroll Proced

17,480

Lender

DreamSpring

Business Detail

Business Type

Sole Proprietorship

NAICS

484110

Borrower Location

Hobbs, NM

Project Location

Hobbs, 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.