# PPP loan: SOMERVILLE INDUSTRIES, INC.
> **$373K** approved 06/18/2020 · Paid in Full · Loan `8339057908`
## Borrower
- **Name:** SOMERVILLE INDUSTRIES, INC.
- **Address:** 336 SOUTH MEADOW DRIVE, MINERAL WELLS, WV, 26150-6724
- **NAICS:** 332313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $298K
- **Rent:** $75K
- **Jobs reported:** 31
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*