# PPP loan: SHAFER EQUIPMENT LLC
> **$262K** approved 04/28/2020 · Paid in Full · Loan `7151117209`
## Borrower
- **Name:** SHAFER EQUIPMENT LLC
- **Address:** 141 Campbells Creek Drive, Charleston, WV, 25304
- **NAICS:** 532412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $233K
- **Mortgage interest:** $5K
- **Utilities:** $24K
- **Jobs reported:** 20
## 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*