PPP Loan information for Cherokee resources inc

$65,400

Cherokee resources inc was initially approved for PPP Loan of amount $65,400, the current approved amount is $65,400. The loan was approved on 04/30/2020 by The Summit Community Bank, Inc. reported 5 jobs and $65,400 was used to fund payroll.

Cherokee resources inc is Existing or more than 2 years old

PPP Loan Search / WV / MOUNT HOPE / Cherokee resources inc

CHEROKEE RESOURCES INC

Date Approved

04/30/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

CHEROKEE RESOURCES INC

Borrower Address

1500 MILL CREEK RD

Borrower City

MOUNT HOPE

Borrower State

WV

Borrower Zip

25880-1600

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

65400.00

Current Approval Amount

65400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOUNT HOPE

Project County Name

FAYETTE

Project State

WV

Project Zip

25880-1600

CD

WV-01

Jobs Reported

5

NAICS Code

541618

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2400.00

Payroll Proceed

54000.00

Mortgage Interest Proceed

9000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

65883.23

Forgiveness Date

01/29/2021

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