PPP Loan information for Loarn's investments inc.

$40,000

Loarn's investments inc. was initially approved for PPP Loan of amount $40,000, the current approved amount is $40,000. The loan was approved on 04/27/2020 by The James Polk Stone Community Bank reported 8 jobs and $40,000 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

04/27/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

LOARN'S INVESTMENTS INC.

Borrower Address

502 E. MARLAND

Borrower City

HOBBS

Borrower State

NM

Borrower Zip

88240

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40000.00

Current Approval Amount

40000.00

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

N

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

88240-0200

CD

NM-03

Jobs Reported

8

NAICS Code

454210

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

5000.00

Payroll Proceed

30000.00

Mortgage Interest Proceed

5000.00

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

40225.56

Forgiveness Date

11/23/2020

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