PPP Loan Data: New Mexico
Paycheck Protection Program statistics for New Mexico. 52,847 loans disbursed, 2,219 unforgiven and potentially subject to enforcement.
Standard Enforcement Risk0.5% of national total
Avg: $79,478 per loan
$176M outstanding
95.8% forgiveness rate
PPP Program Overview: New Mexico
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed 52,847 Paycheck Protection Program loans in New Mexico, totaling $4.2B. These loans supported approximately 380K jobs across the state during the COVID-19 pandemic.
Of these loans, 50,628 (95.8%) were fully forgiven. However, 2,219 loans totaling $176M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
This state has standard-level PPP enforcement activity.
Enforcement Risk in New Mexico
New Mexico has standard-level PPP enforcement activity. While enforcement is less concentrated here than in major metropolitan states, the DOJ PPP Strike Force operates nationally. Any borrower with an unforgiven loan or application discrepancies remains at risk regardless of geographic location.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against New Mexico borrowers for several more years. The 2,219 unforgiven loans in New Mexico represent the most immediate enforcement targets.
New Mexico vs. National Average
Frequently Asked Questions: PPP in New Mexico
How many PPP loans were issued in New Mexico?
New Mexico received 52,847 PPP loans totaling $4.2B between April 2020 and May 2021. The average loan size was $79,478, supporting approximately 380K jobs.
How many PPP loans in New Mexico were not forgiven?
Approximately 2,219 PPP loans in New Mexico (4.2% of total) were not forgiven, representing $176M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP audit risk level in New Mexico?
New Mexico is classified as "Standard" enforcement risk. This state has standard-level PPP enforcement activity. Borrowers in New Mexico with unforgiven loans or discrepancies in their applications should be aware of ongoing DOJ and SBA OIG enforcement activity.
Can I still face a PPP audit in New Mexico in 2026?
Yes. The False Claims Act has a 6-10 year statute of limitations. Since PPP loans were issued in 2020-2021, enforcement actions can continue through 2030-2031. New Mexico borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
2,219 New Mexico borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
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Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Data reflects the full PPP program period (April 2020 – May 2021). Last updated May 2026.