# PPP loan: NEW MEXICO ORTHOPAEDIC ASSOCIATES, P.C.
> **$3.41M** approved 04/07/2020 · Paid in Full · Loan `6779457000`
## Borrower
- **Name:** NEW MEXICO ORTHOPAEDIC ASSOCIATES, P.C.
- **Address:** 2100 LOUISIANA BLVD NE STE 410, ALBUQUERQUE, NM, 87110-5402
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.41M
- **Initial approval:** $3.41M
- **Forgiven:** $3.45M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.55M
- **Rent:** $426K
- **Utilities:** $426K
- **Jobs reported:** 241
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*