Morgantown Power Equipment Inc.

$382,600 PPP Loan in Morgantown, West Virginia

Loan Details

Loan Number
4995977009
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$382,600
Current Approval
$382,600
Forgiveness Amount
$385,902
Forgiveness Date
Feb 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morgantown Power Equipment Inc.
Address
1718 Mileground Road
ZIP Code
26505-3753
Business Type
Corporation
Industry (NAICS)
Retail Trade (444210)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$8.9M
Rural/Urban
Urban
Congressional District
WV-02

Loan Use Breakdown

Payroll
$361,826
Rent
$10,000
Utilities
$10,774

Lender Information

Servicing Lender
Clear Mountain Bank, Inc.
Originating Lender
Clear Mountain Bank, Inc.

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