BIG RED TOOL, INC. (NM) - 2020 PPP Loan Borrower Profile (# 4389187008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BIG RED TOOL, INC.. 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

4389187008

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$180,900

Date Loan was Approved

Apr 3, 2020

Amount Forgiven

$182,178.69

Date Loan was Forgiven

Dec 22, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

180,900

Lender

Four Corners Community Bank

Business Detail

Business Type

Corporation

NAICS

213112

Borrower Location

FARMINGTON, NM

Project Location

FARMINGTON, NM

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.