# PPP loan: SCHEPPS NEW MEXICO DEVELOPMENT CORP
> **$344K** approved 04/28/2020 · Paid in Full · Loan `9248287209`
## Borrower
- **Name:** SCHEPPS NEW MEXICO DEVELOPMENT CORP
- **Address:** 303 East Alameda, SANTA FE, NM, 87501-2229
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $344K
- **Initial approval:** $344K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Mortgage interest:** $33K
- **Utilities:** $20K
- **Health care:** $16K
- **Jobs reported:** 42
## Lender
- **Originating:** State Empl CU
- **Servicing:** State Empl CU (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*