ET360, LLC
PPP Loan approved Apr 5, 2020 through United Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $2,378,200.00 | 100.0% |
About This Loan
ET360, LLC received a PPP loan of $2,378,200 approved on Apr 5, 2020. The loan was originated by United Bank.
ET360, LLC is a limited liability company(llc) located in BRIDGEPORT, West Virginia. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Mining, Quarrying, and Oil and Gas Extraction industry (NAICS 213112), part of the Mining, Quarrying, and Oil and Gas Extraction sector of the economy. The applicant reported 178 jobs as retained through this loan.
No forgiveness has been recorded for this loan in the SBA's September 2024 data release. Possible explanations include: the borrower chose to repay rather than apply for forgiveness; the forgiveness application was denied; the loan was still in repayment status at the time of the data freeze; or the borrower defaulted, leading to a charge-off.
According to the SBA's records, the proceeds of this loan were allocated as follows: $2,378,200 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in West Virginia, visit the West Virginia page. To compare this loan with others in the same industry, see the Mining, Quarrying, and Oil and Gas Extraction industry page.