FAIRMONT MERCANTILE LLC (WV) - 2020 PPP Loan Borrower Profile (# 4277357300)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FAIRMONT MERCANTILE LLC. 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

4277357300

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$19,700

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$19,847.75

Date Loan was Forgiven

Feb 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,425

Payroll Proced

14,775

Mortgage Interest Proceed

2,500

Lender

First Exchange Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

453920

Borrower Location

FAIRMONT, WV

Project Location

FAIRMONT, WV

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.