PPP Loan information for Economic development corp

$84,823

Economic development corp was initially approved for PPP Loan of amount $84,823, the current approved amount is $84,823. The loan was approved on 03/27/2021 by The Lea County State Bank reported 4 jobs and $84,823 was used to fund payroll.

Economic development corp is Existing or more than 2 years old

PPP Loan Search / NM / Hobbs / Economic development corp

ECONOMIC DEVELOPMENT CORP

Date Approved

03/27/2021

SBA Office Code

0682

Processing Method

PPS

Borrower Name

ECONOMIC DEVELOPMENT CORP

Borrower Address

200 E Broadway St Ste A201

Borrower City

Hobbs

Borrower State

NM

Borrower Zip

88240-8425

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

84822.50

Current Approval Amount

84822.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45791

Servicing Lender Name

Lea County State Bank

Servicing Lender Address

1017 N Turner

Servicing Lender City

HOBBS

Servicing Lender State

NM

Servicing Lender Zip

88240-5150

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hobbs

Project County Name

LEA

Project State

NM

Project Zip

88240-8425

CD

NM-03

Jobs Reported

4

NAICS Code

813410

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

84820.50

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

501(c)6 – Non Profit Membership

Originating Lender Location Id

45791

Originating Lender

Lea County State Bank

Originating Lender City

HOBBS

Originating Lender State

NM

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

85192.00

Forgiveness Date

09/08/2021

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