PPP Loan information for Loarn's investments inc.

$44,663

Loarn's investments inc. was initially approved for PPP Loan of amount $44,663, the current approved amount is $44,663. The loan was approved on 01/25/2021 by The James Polk Stone Community Bank reported 8 jobs and $44,663 was used to fund payroll.

Loarn's investments inc. is Existing or more than 2 years old

PPP Loan Search / NM / Hobbs / Loarn's investments inc.

LOARN'S INVESTMENTS INC.

Date Approved

01/25/2021

SBA Office Code

0682

Processing Method

PPS

Borrower Name

LOARN'S INVESTMENTS INC.

Borrower Address

502 E Marland St

Borrower City

Hobbs

Borrower State

NM

Borrower Zip

88240-8121

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

44662.55

Current Approval Amount

44662.55

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45931

Servicing Lender Name

James Polk Stone Community Bank

Servicing Lender Address

109 E 2nd St

Servicing Lender City

PORTALES

Servicing Lender State

NM

Servicing Lender Zip

88130-6203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Hobbs

Project County Name

LEA

Project State

NM

Project Zip

88240-8121

CD

NM-03

Jobs Reported

8

NAICS Code

454210

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

44660.55

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

Corporation

Originating Lender Location Id

45931

Originating Lender

James Polk Stone Community Bank

Originating Lender City

PORTALES

Originating Lender State

NM

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

44940.45

Forgiveness Date

09/13/2021

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