# PPP loan: MORGANTOWN POWER EQUIPMENT INC.
> **$383K** approved 04/04/2020 · Paid in Full · Loan `4995977009`
## Borrower
- **Name:** MORGANTOWN POWER EQUIPMENT INC.
- **Address:** 1718 mileground road, MORGANTOWN, WV, 26505-3753
- **NAICS:** 444210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $383K
- **Initial approval:** $383K
- **Forgiven:** $386K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Rent:** $10K
- **Utilities:** $11K
- **Jobs reported:** 43
## Lender
- **Originating:** Clear Mountain Bank, Inc.
- **Servicing:** Clear Mountain Bank, Inc. (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*