CHEM VALLEY MACHINE INC. (WV) - 2020 PPP Loan Borrower Profile (# 2679047708)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CHEM VALLEY MACHINE 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

2679047708

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$86,182

Date Loan was Approved

May 1, 2020

Amount Forgiven

$87,207.23

Date Loan was Forgiven

Jul 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,895

Payroll Proced

65,049

Health Care Proceed

15,238

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

NITRO, WV

Project Location

NITRO, WV

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.