# PPP loan: MADISONVILLE MINING LLC
> **$500K** approved 04/09/2020 · Paid in Full · Loan `9420727006`
## Borrower
- **Name:** MADISONVILLE MINING LLC
- **Address:** 234 STATE ROUTE 109 N, CLAY, KY, 42404-4404
- **NAICS:** 561311
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 17
## Lender
- **Originating:** Independence Bank of Kentucky
- **Servicing:** Independence Bank of Kentucky (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*