# PPP loan: MITCHEM ENTERPRISES INC.
> **$156K** approved 03/24/2021 · Paid in Full · Loan `7995008610`
## Borrower
- **Name:** MITCHEM ENTERPRISES INC.
- **Address:** 1325 Tazewell Ave, Tazewell, VA, 24651
- **NAICS:** 447110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $156K
- **Utilities:** $1
- **Jobs reported:** 38
## 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*