# PPP loan: SOUTHWEST ASSET MANAGEMENT, INC
> **$245K** approved 04/10/2020 · Paid in Full · Loan `1407937107`
## Borrower
- **Name:** SOUTHWEST ASSET MANAGEMENT, INC
- **Address:** 420 OLD SANTA FE TRL, SANTA FE, NM, 87501-2770
- **NAICS:** 531311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Rent:** $10K
- **Utilities:** $4K
- **Health care:** $1K
- **Jobs reported:** 30
## Lender
- **Originating:** Western Commerce Bank
- **Servicing:** Western Commerce Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*