GCMT, INC. (WV) - 2020 PPP Loan Borrower Profile (# 6178037008)

Updated on April 18, 2025.

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

6178037008

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$44,500

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$44,949.88

Date Loan was Forgiven

Apr 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,000

Payroll Proced

39,500

Rent Proceed

3,000

Lender

The Farmers Bank and Savings Company

Business Detail

Business Type

Corporation

NAICS

722513

Borrower Location

HURRICANE, WV

Project Location

HURRICANE, WV

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.