PPP Loan Data: Albuquerque, NM
Paycheck Protection Program statistics for the Albuquerque metro area. 24,423 loans disbursed, 1,002 unforgiven and potentially subject to enforcement.
Standard Enforcement Risk46.2% of NM total
Avg: $79,477 per loan
$70M outstanding
95.9% forgiveness rate
PPP Program Overview: Albuquerque, NM
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 24,423 Paycheck Protection Program loans in the Albuquerque metropolitan area, totaling $1.9B. These loans supported approximately 176K jobs in the local economy during the COVID-19 pandemic.
Of these loans, 23,421 (95.9%) were fully forgiven. However, 1,002 loans totaling $70M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
Albuquerque is part of New Mexico, which has a Standard enforcement risk classification. The DOJ PPP Strike Force operates nationally, with particular focus on major metropolitan areas where loan volumes and dollar amounts are highest.
Enforcement Risk in Albuquerque
Albuquerque has standard-level PPP enforcement activity. While enforcement is less concentrated here than in larger metros, the DOJ PPP Strike Force operates nationally. Any borrower with an unforgiven loan or application discrepancies remains at risk regardless of 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 Albuquerque borrowers for several more years.
Albuquerque vs. New Mexico Average
Frequently Asked Questions: PPP in Albuquerque
How many PPP loans were issued in Albuquerque, NM?
Albuquerque, New Mexico received approximately 24,423 PPP loans totaling $1.9B between April 2020 and May 2021. The average loan size was $79,477, supporting approximately 176K jobs in the Albuquerque metro area.
How many PPP loans in Albuquerque were not forgiven?
Approximately 1,002 PPP loans in the Albuquerque metro area (4.1% of total) were not forgiven, representing $70M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in Albuquerque?
Albuquerque is in a "Standard" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in Albuquerque with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in Albuquerque 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. Albuquerque borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
1,002 Albuquerque area borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Metro-area estimates derived from state-level data with population-weighted distribution. Last updated May 2026.