PPP Loan information for Watson truck & supply, inc.

$1,697,600

Watson truck & supply, inc. was initially approved for PPP Loan of amount $1,697,600, the current approved amount is $1,697,600. The loan was approved on 04/03/2020 by The Lea County State Bank reported 113 jobs and $1,697,600 was used to fund payroll.

Watson truck & supply, inc. is Existing or more than 2 years old

PPP Loan Search / NM / HOBBS / Watson truck & supply, inc.

WATSON TRUCK & SUPPLY, INC.

Date Approved

04/03/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

WATSON TRUCK & SUPPLY, INC.

Borrower Address

1501 N Grimes St

Borrower City

HOBBS

Borrower State

NM

Borrower Zip

88240-3719

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1697600.00

Current Approval Amount

1697600.00

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

88240-0200

CD

NM-03

Jobs Reported

113

NAICS Code

333132

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

45000.00

Payroll Proceed

1527500.00

Mortgage Interest Proceed

54000.00

Rent Proceed

52700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

18400.00

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

1707134.47

Forgiveness Date

11/05/2020

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