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 02/13/2021 by The Truist Bank reported 10 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

02/13/2021

SBA Office Code

0457

Processing Method

PPS

Borrower Name

SALEM TOOL INC.

Borrower Address

6109 S US Highway 25

Borrower City

Corbin

Borrower State

KY

Borrower Zip

40701-4948

Loan Status Date

04/19/2022

Loan Status

Paid in Full

Term

60

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

LAUREL

Project State

KY

Project Zip

40701-4948

CD

KY-05

Jobs Reported

10

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

87998.00

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

88953.33

Forgiveness Date

03/16/2022

;