PPP Loan information for Salem construction inc

$371,725

Salem construction inc was initially approved for PPP Loan of amount $371,725, the current approved amount is $371,725. The loan was approved on 03/12/2021 by The Valley National Bank reported 42 jobs and $371,725 was used to fund payroll.

Salem construction inc is Existing or more than 2 years old

PPP Loan Search / NJ / NEWARK / Salem construction inc

SALEM CONSTRUCTION INC

Date Approved

03/12/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

SALEM CONSTRUCTION INC

Borrower Address

75-77 ROME ST

Borrower City

NEWARK

Borrower State

NJ

Borrower Zip

07105

Loan Status Date

07/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

371725.00

Current Approval Amount

371725.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45120

Servicing Lender Name

Valley National Bank

Servicing Lender Address

615 Main Ave

Servicing Lender City

PASSAIC

Servicing Lender State

NJ

Servicing Lender Zip

07055-5066

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWARK

Project County Name

ESSEX

Project State

NJ

Project Zip

07105

CD

NJ-08

Jobs Reported

42

NAICS Code

238140

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

371723.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

376288.96

Forgiveness Date

06/01/2022

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