Newell, WV — PPP Loan Data
17 loans · $6.7M total · 100.0% forgiven
Newell, West Virginia received 17 Paycheck Protection Program loans totaling $6.7M. The average loan in the city was $396,689 — above the national program average of approximately $67,000.
100.0% of loans in Newell — totaling $6.8M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.
Among the largest disclosed recipients in Newell were HLC HOLDINGS, INC. ($4,895,699), CRT, INC. ($684,400), and FX MINERALS PROCESSING INC ($373,012).
The most active industry sector in Newell was Other Specialty Trade Contractors with 3 loans worth $220,110, followed by Traveler Accommodation (2 loans).
Applicants in Newell reported retaining 681 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.
Newell is part of West Virginia, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.
Top Industries in Newell
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Other Specialty Trade ContractorsNAICS 2389 | 3 | $220,110 | 100.0% |
| Traveler AccommodationNAICS 7211 | 2 | $129,399 | 100.0% |
| General Freight TruckingNAICS 4841 | 2 | $2,884 | 100.0% |
| Commercial and Industrial Machinery and Equipment Repair and MaintenanceNAICS 8113 | 1 | $128,600 | 100.0% |
| Drinking Places (Alcoholic Beverages)NAICS 7224 | 1 | $9,000 | 100.0% |
| Used Merchandise RetailersNAICS 4533 | 1 | $14,300 | 100.0% |
| Jewelry, Luggage, and Leather Goods RetailersNAICS 4483 | 1 | $13,741 | 100.0% |
| Grocery and Convenience RetailersNAICS 4451 | 1 | $10,118 | 100.0% |
| Automobile DealersNAICS 4411 | 1 | $249,235 | 100.0% |
| Household Appliances and Electrical and Electronic Goods Merchant WholesalersNAICS 4236 | 1 | $684,400 | 100.0% |
Largest Named Recipients in Newell
Only loans ≥ $150,000 have publicly disclosed borrower names.