# PPP loan: MINE POWER SYSTEMS, INC.
> **$345K** approved 04/16/2020 · Paid in Full · Loan `2800047210`
## Borrower
- **Name:** MINE POWER SYSTEMS, INC.
- **Address:** 558 Industrial Park Road, Beaver, WV, 25813-0578
- **NAICS:** 333131
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $294K
- **Mortgage interest:** $52K
- **Jobs reported:** 23
## Lender
- **Originating:** First Community Bank
- **Servicing:** First Community Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*