As part of the Paycheck Protection Program LECTROSONICS, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

LECTROSONICS, INC


Loan Amount	$2,230,800
BusinessName	LECTROSONICS, INC
Address	581 LASER RD NE
City	RIO RANCHO
State	NM
Zip	87144
NAICSCode	334310
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	148
DateApproved	04/15/2020
Lender	New Mexico Bank & Trust
CD	NM-03
BusinessName.clean	LECTROSONICS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

LEDBETTER MANAGEMENT COMPANY
LEDGE CREEK DEVELOPMENT
LEDGEVIEW PARTNERS
LEDNOR
LEDRA BRANDS