PPP Loan information for Mj salem corporation

$634,800

Mj salem corporation was initially approved for PPP Loan of amount $634,800, the current approved amount is $634,800. The loan was approved on 04/10/2020 by The Dacotah Bank reported 155 jobs and $634,800 was used to fund payroll.

Mj salem corporation is Existing or more than 2 years old

PPP Loan Search / SD / ABERDEEN / Mj salem corporation

MJ SALEM CORPORATION

Date Approved

04/10/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

MJ SALEM CORPORATION

Borrower Address

20 6TH AVE SE

Borrower City

ABERDEEN

Borrower State

SD

Borrower Zip

57401-2818

Loan Status Date

04/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

634800.00

Current Approval Amount

634800.00

Undisbursed Amount

0.00

Franchise Name

McDonalds

Servicing Lender Location Id

66384

Servicing Lender Name

Dacotah Bank

Servicing Lender Address

308 S Main St

Servicing Lender City

ABERDEEN

Servicing Lender State

SD

Servicing Lender Zip

57401-4146

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ABERDEEN

Project County Name

BROWN

Project State

SD

Project Zip

57401-2818

CD

SD-

Jobs Reported

155

NAICS Code

722513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

63480.00

Payroll Proceed

507840.00

Mortgage Interest Proceed

63480.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

66384

Originating Lender

Dacotah Bank

Originating Lender City

ABERDEEN

Originating Lender State

SD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

640548.47

Forgiveness Date

03/10/2021

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