CGP DEVELOPMENT COMPANY, INC. (WV) - 2020 PPP Loan Borrower Profile (# 8876647206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CGP DEVELOPMENT COMPANY, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in West Virginia.

Loan Detail

Loan Number

8876647206

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$63,429.97

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$64,020.22

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,343

Payroll Proced

47,572.47

Health Care Proceed

9,514.5

Lender

Freedom Bank, Inc.

Business Detail

Business Type

Corporation

NAICS

531312

Borrower Location

ELKINS, WV

Project Location

ELKINS, WV

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.