PPP Loan information for Cherokee resources inc.

$745,800

Cherokee resources inc. was initially approved for PPP Loan of amount $745,800, the current approved amount is $745,800. The loan was approved on 02/11/2021 by The Summit Community Bank, Inc. reported 29 jobs and $745,800 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

02/11/2021

SBA Office Code

0390

Processing Method

PPS

Borrower Name

CHEROKEE RESOURCES INC.

Borrower Address

1500 Mill Creek RdMount. Hope WV 25880

Borrower City

Mount Hope

Borrower State

WV

Borrower Zip

25880

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

745800.00

Current Approval Amount

745800.00

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

N

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

CD

WV-03

Jobs Reported

29

NAICS Code

213113

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

745800.00

Mortgage Interest Proceed

0.00

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

750399.10

Forgiveness Date

09/23/2021

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