PPP Loan information for University of the southwest

$1,234,600

University of the southwest was initially approved for PPP Loan of amount $1,234,600, the current approved amount is $1,234,600. The loan was approved on 04/13/2020 by The Lea County State Bank reported 133 jobs and $1,234,600 was used to fund payroll.

University of the southwest is Existing or more than 2 years old

PPP Loan Search / NM / HOBBS / University of the southwest

UNIVERSITY OF THE SOUTHWEST

Date Approved

04/13/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

UNIVERSITY OF THE SOUTHWEST

Borrower Address

6610 N LOVINGTON HWY Ste 510

Borrower City

HOBBS

Borrower State

NM

Borrower Zip

88240-9114

Loan Status Date

05/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1234600.00

Current Approval Amount

1234600.00

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

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

88240-9114

CD

NM-03

Jobs Reported

133

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

123400.00

Payroll Proceed

987700.00

Mortgage Interest Proceed

0.00

Rent Proceed

123500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

45791

Originating Lender

Lea County State Bank

Originating Lender City

HOBBS

Originating Lender State

NM

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1247148.95

Forgiveness Date

04/29/2021

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