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Salem Tools, Inc.

$1,343,000 PPP Loan in Salem, Virginia

Loan Details

Loan Number
2386747103
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$1,343,000
Current Approval
$1,343,000
Forgiveness Amount
$1,355,385
Forgiveness Date
Mar 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Salem Tools, Inc.
Address
1602 Midland Rd
City
Salem
State
Virginia
ZIP Code
24153-6427
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423710)
Business Age
Existing or more than 2 years old
Jobs Reported
118
Estimated Revenue
$36.1M
Rural/Urban
Urban
Congressional District
VA-06

Loan Use Breakdown

Payroll
$1,343,000

Lender Information

Servicing Lender
Freedom First Fcu
Originating Lender
Freedom First Fcu

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