PPP Loan information for Watson construction co, inc

$4,822,100

Watson construction co, inc was initially approved for PPP Loan of amount $4,822,100, the current approved amount is $4,822,100. The loan was approved on 04/14/2020 by The Lea County State Bank reported 424 jobs and $4,822,100 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

04/14/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

WATSON CONSTRUCTION CO, INC

Borrower Address

401 W STANOLIND RD

Borrower City

HOBBS

Borrower State

NM

Borrower Zip

88240-7661

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4822100.00

Current Approval Amount

4822100.00

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

88240-7661

CD

NM-02

Jobs Reported

424

NAICS Code

238910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

22838.00

Payroll Proceed

4744262.00

Mortgage Interest Proceed

0.00

Rent Proceed

55000.00

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

4876926.62

Forgiveness Date

06/11/2021

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