PPP Loan information for Somerville industries, inc.

$373,200

Somerville industries, inc. was initially approved for PPP Loan of amount $373,200, the current approved amount is $373,200. The loan was approved on 06/18/2020 by The Peoples Bank reported 31 jobs and $373,200 was used to fund payroll.

Somerville industries, inc. is Existing or more than 2 years old

PPP Loan Search / WV / MINERAL WELLS / Somerville industries, inc.

SOMERVILLE INDUSTRIES, INC.

Date Approved

06/18/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

SOMERVILLE INDUSTRIES, INC.

Borrower Address

336 SOUTH MEADOW DRIVE

Borrower City

MINERAL WELLS

Borrower State

WV

Borrower Zip

26150-6724

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

373200.00

Current Approval Amount

373200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57732

Servicing Lender Name

Peoples Bank

Servicing Lender Address

138 Putnam St

Servicing Lender City

MARIETTA

Servicing Lender State

OH

Servicing Lender Zip

45750-2923

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MINERAL WELLS

Project County Name

WOOD

Project State

WV

Project Zip

26150-6724

CD

WV-02

Jobs Reported

31

NAICS Code

332313

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

298000.00

Mortgage Interest Proceed

0.00

Rent Proceed

75200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

57732

Originating Lender

Peoples Bank

Originating Lender City

MARIETTA

Originating Lender State

OH

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

375190.40

Forgiveness Date

01/07/2021

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