PPP Loan information for West electric & machine co., inc

$168,100

West electric & machine co., inc was initially approved for PPP Loan of amount $168,100, the current approved amount is $168,100. The loan was approved on 04/07/2020 by The Clear Mountain Bank, Inc. reported 12 jobs and $168,100 was used to fund payroll.

West electric & machine co., inc is Existing or more than 2 years old

PPP Loan Search / WV / MORGANTOWN / West electric & machine co., inc

WEST ELECTRIC & MACHINE CO., INC

Date Approved

04/07/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

WEST ELECTRIC & MACHINE CO., INC

Borrower Address

8 W ELECTRIC DRIVE

Borrower City

MORGANTOWN

Borrower State

WV

Borrower Zip

26508-2981

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

168100.00

Current Approval Amount

168100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

74988

Servicing Lender Name

Clear Mountain Bank, Inc.

Servicing Lender Address

Morgantown St

Servicing Lender City

BRUCETON MILLS

Servicing Lender State

WV

Servicing Lender Zip

26525

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MORGANTOWN

Project County Name

MONONGALIA

Project State

WV

Project Zip

26508-2981

CD

WV-02

Jobs Reported

12

NAICS Code

333249

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3877.77

Payroll Proceed

144738.81

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

19483.42

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

74988

Originating Lender

Clear Mountain Bank, Inc.

Originating Lender City

BRUCETON MILLS

Originating Lender State

WV

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

169550.73

Forgiveness Date

02/26/2021

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