K. BARNETT & SONS, INC. (NM) - 2020 PPP Loan Borrower Profile (# 5701237010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to K. BARNETT & SONS, 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

5701237010

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$1,220,700

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$1,229,550.07

Date Loan was Forgiven

Dec 31, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

76,293.75

Payroll Proced

915,525

Mortgage Interest Proceed

76,293.75

Rent Proceed

76,293.75

Debt Interest Proceed

76,293.75

Lender

MidWestOne Bank

Business Detail

Business Type

Corporation

NAICS

237310

Borrower Location

CLOVIS, NM

Project Location

CLOVIS, 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.