# PPP loan: PARAMOUNT DEVELOPMENT CORPORATION
> **$165K** approved 04/08/2020 · Paid in Full · Loan `8270567005`
## Borrower
- **Name:** PARAMOUNT DEVELOPMENT CORPORATION
- **Address:** 263 White Oak Drive, BECKLEY, WV, 25801-8133
- **NAICS:** 531312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Health care:** $14K
- **Jobs reported:** 9
## Lender
- **Originating:** City National Bank of West Virginia
- **Servicing:** City National Bank of West Virginia (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*