# PPP loan: MITCHEM ENTERPRISES INC.
> **$156K** approved 04/08/2020 · Paid in Full · Loan `7917277009`
## Borrower
- **Name:** MITCHEM ENTERPRISES INC.
- **Address:** 2073 LEATHERWOOD LN, BLUEFIELD, VA, 24605-2026
- **NAICS:** 445120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $179K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 34
## Lender
- **Originating:** The National Bank of Blacksburg
- **Servicing:** The National Bank of Blacksburg (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*