KANAWHA VALLEY DRILLING, INC. (WV) - 2020 PPP Loan Borrower Profile (# 7158527108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to KANAWHA VALLEY DRILLING, 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

7158527108

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$162,674.87

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$163,726.69

Date Loan was Forgiven

Dec 17, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

122,006.16

Mortgage Interest Proceed

40,668.71

Lender

First Neighborhood Bank

Business Detail

Business Type

Corporation

NAICS

211130

Borrower Location

Spencer, WV

Project Location

Spencer, 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.