COMPENSATION STRATEGIES, INC (WV) - 2020 PPP Loan Borrower Profile (# 6372848004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to COMPENSATION STRATEGIES, 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

6372848004

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$62,600

Date Loan was Approved

Jun 30, 2020

Amount Forgiven

$63,359.89

Date Loan was Forgiven

Sep 27, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

62,600

Lender

United Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

551114

Borrower Location

CHARLESTON, WV

Project Location

CHARLESTON, WV

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.