PPP Loan information for Salem infotech inc

$475,000

Salem infotech inc was initially approved for PPP Loan of amount $475,000, the current approved amount is $475,000. The loan was approved on 01/22/2021 by The Manufacturers and Traders Trust Company reported 19 jobs and $475,000 was used to fund payroll.

Salem infotech inc is Existing or more than 2 years old

PPP Loan Search / VA / Herndon / Salem infotech inc

SALEM INFOTECH INC

Date Approved

01/22/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

SALEM INFOTECH INC

Borrower Address

2201 Cooperative Way

Borrower City

Herndon

Borrower State

VA

Borrower Zip

20171-4583

Loan Status Date

02/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

475000.00

Current Approval Amount

475000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Herndon

Project County Name

FAIRFAX

Project State

VA

Project Zip

20171-4583

CD

VA-11

Jobs Reported

19

NAICS Code

541511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

474994.00

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

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

479489.73

Forgiveness Date

01/13/2022

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