BET THE FARM, LLC (NM) - 2020 PPP Loan Borrower Profile (# 6812027003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BET THE FARM, LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in New Mexico.

Loan Detail

Loan Number

6812027003

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$46,480

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$47,077.24

Date Loan was Forgiven

Aug 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,800

Payroll Proced

35,000

Rent Proceed

9,680

Lender

Stearns Bank National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

311811

Borrower Location

LAS CRUCES, NM

Project Location

LAS CRUCES, NM

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.