# PPP loan: HOSPITAL DEVELOPMENT CO.
> **$3.55M** approved 04/16/2020 · Paid in Full · Loan `2982517209`
## Borrower
- **Name:** HOSPITAL DEVELOPMENT CO.
- **Address:** 200 HOSPITAL DR, SPENCER, WV, 25276-1050
- **NAICS:** 622110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.55M
- **Initial approval:** $3.55M
- **Forgiven:** $3.59M (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.55M
- **Jobs reported:** 283
## Lender
- **Originating:** The Poca Valley Bank, Inc.
- **Servicing:** The Poca Valley Bank, Inc. (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*