PPP Loan information for Salem tools inc.

$1,357,100

Salem tools inc. was initially approved for PPP Loan of amount $1,357,100, the current approved amount is $1,357,100. The loan was approved on 02/11/2021 by The Freedom First FCU reported 105 jobs and $1,357,100 was used to fund payroll.

Salem tools inc. is Existing or more than 2 years old

PPP Loan Search / VA / Salem / Salem tools inc.

SALEM TOOLS INC.

Date Approved

02/11/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

SALEM TOOLS INC.

Borrower Address

1602 Midland Rd

Borrower City

Salem

Borrower State

VA

Borrower Zip

24153-6427

Loan Status Date

12/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1357100.00

Current Approval Amount

1357100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

107359

Servicing Lender Name

Freedom First FCU

Servicing Lender Address

5240 Valleypark Dr

Servicing Lender City

ROANOKE

Servicing Lender State

VA

Servicing Lender Zip

24019-3002

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Salem

Project County Name

SALEM

Project State

VA

Project Zip

24153-6427

CD

VA-06

Jobs Reported

105

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1357095.00

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

107359

Originating Lender

Freedom First FCU

Originating Lender City

ROANOKE

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1367655.22

Forgiveness Date

11/22/2021

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