PPP Loan information for Salem tool, inc.

$88,000

Salem tool, inc. was initially approved for PPP Loan of amount $88,000, the current approved amount is $88,000. The loan was approved on 04/29/2020 by The Truist Bank reported 11 jobs and $88,000 was used to fund payroll.

Salem tool, inc. is Existing or more than 2 years old

PPP Loan Search / KY / Corbin / Salem tool, inc.

SALEM TOOL, INC.

Date Approved

04/29/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

SALEM TOOL, INC.

Borrower Address

6109 South US Hwy. 25

Borrower City

Corbin

Borrower State

KY

Borrower Zip

40701

Loan Status Date

10/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

88000.00

Current Approval Amount

88000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Corbin

Project County Name

WHITLEY

Project State

KY

Project Zip

40701-1000

CD

KY-05

Jobs Reported

11

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

88000.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

89210.00

Forgiveness Date

09/16/2021

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