PPP Loan information for Watson construction co inc.

$2,000,000

Watson construction co inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/26/2021 by The Lea County State Bank reported 239 jobs and $2,000,000 was used to fund payroll.

Watson construction co inc. is Existing or more than 2 years old

PPP Loan Search / NM / Hobbs / Watson construction co inc.

WATSON CONSTRUCTION CO INC.

Date Approved

02/26/2021

SBA Office Code

0682

Processing Method

PPS

Borrower Name

WATSON CONSTRUCTION CO INC.

Borrower Address

501 Stanolind Rd

Borrower City

Hobbs

Borrower State

NM

Borrower Zip

88240

Loan Status Date

01/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

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

CD

NM-02

Jobs Reported

239

NAICS Code

238910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

45791

Originating Lender

Lea County State Bank

Originating Lender City

HOBBS

Originating Lender State

NM

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2015452.05

Forgiveness Date

12/09/2021

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