ENTEGRA ENERGY SOLUTIONS LLC
PPP Loan approved Jan 30, 2021 through Clear Mountain Bank, Inc.
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $1,064,109.57 | 100.0% |
| Utilities | $1.00 | 0.0% |
About This Loan
ENTEGRA ENERGY SOLUTIONS LLC received a PPP loan of $1,064,111 approved on Jan 30, 2021. The loan was originated by Clear Mountain Bank, Inc..
ENTEGRA ENERGY SOLUTIONS 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 Remediation and Other Waste Management Services industry (NAICS 562910), part of the Administrative and Support and Waste Management sector of the economy. The applicant reported 68 jobs as retained through this loan.
The SBA forgave $1,073,556.37 of this loan — 100.9% of the total approved amount, with forgiveness recorded on Dec 27, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $1,064,110 to payroll, $1 to utilities. 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 Remediation and Other Waste Management Services industry page.