LO DOWN ENERGY INC (WV) - 2020 PPP Loan Borrower Profile (# 7861687210)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to LO DOWN ENERGY 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

7861687210

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$535,700

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$541,101.03

Date Loan was Forgiven

May 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

107,140

Payroll Proced

428,560

Lender

First Community Bank

Business Detail

Business Type

Corporation

NAICS

213113

Borrower Location

Mullens, WV

Project Location

Mullens, WV

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.