PPP Loan information for Salem welding & supply co, inc

$248,500

Salem welding & supply co, inc was initially approved for PPP Loan of amount $248,500, the current approved amount is $248,500. The loan was approved on 04/08/2020 by The The Farmers National Bank of Canfield reported 20 jobs and $248,500 was used to fund payroll.

Salem welding & supply co, inc is Existing or more than 2 years old

PPP Loan Search / OH / SALEM / Salem welding & supply co, inc

SALEM WELDING & SUPPLY CO, INC

Date Approved

04/08/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

SALEM WELDING & SUPPLY CO, INC

Borrower Address

475 PROSPECT ST

Borrower City

SALEM

Borrower State

OH

Borrower Zip

44460-2618

Loan Status Date

06/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

248500.00

Current Approval Amount

248500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53390

Servicing Lender Name

The Farmers National Bank of Canfield

Servicing Lender Address

20 S Broad St

Servicing Lender City

Canfield

Servicing Lender State

OH

Servicing Lender Zip

44406-1401

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SALEM

Project County Name

COLUMBIANA

Project State

OH

Project Zip

44460-2618

CD

OH-06

Jobs Reported

20

NAICS Code

423840

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

248500.00

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

53390

Originating Lender

The Farmers National Bank of Canfield

Originating Lender City

Canfield

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

251136.86

Forgiveness Date

05/03/2021

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