CHEROKEE RESOURCES INC (WV) - 2020 PPP Loan Borrower Profile (# 5959667301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CHEROKEE RESOURCES 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

5959667301

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$65,400

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$65,883.23

Date Loan was Forgiven

Jan 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,400

Payroll Proced

54,000

Mortgage Interest Proceed

9,000

Lender

Burke and Herbert Bank and Trust Company

Business Detail

Business Type

Corporation

NAICS

541618

Borrower Location

MOUNT HOPE, WV

Project Location

MOUNT HOPE, WV

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.