KALARAMA INC (WV) - 2020 PPP Loan Borrower Profile (# 5823487100)

Updated on April 18, 2025.

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

5823487100

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$187,500

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$188,579.58

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

18,750

Payroll Proced

150,000

Mortgage Interest Proceed

18,750

Lender

Peoples Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

561730

Borrower Location

ONA, WV

Project Location

ONA, WV

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.