BORMAN MOTOR COMPNAY LLC (NM) - 2020 PPP Loan Borrower Profile (# 6050987001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BORMAN MOTOR COMPNAY 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

6050987001

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$1,545,100

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$1,561,795.66

Date Loan was Forgiven

May 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,545,100

Lender

WestStar Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

441110

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

Existing or more than 2 years old

Data Source: SBA.