Salem Hardwood Lumber Co INC

$460,200 PPP Loan in New Salisbury, Indiana

Loan Details

Loan Number
6217367104
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$460,200
Current Approval
$460,200
Forgiveness Amount
$464,866
Forgiveness Date
Apr 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Salem Hardwood Lumber Co INC
Address
1900 Highway 64 East
State
Indiana
ZIP Code
47161-9610
Business Type
Corporation
Industry (NAICS)
Manufacturing (321212)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$42.6M
Rural/Urban
Rural
Congressional District
IN-09

Loan Use Breakdown

Payroll
$390,000
Utilities
$55,200
Mortgage Interest
$15,000

Lender Information

Servicing Lender
Waterford Bank, National Association
Originating Lender
Waterford Bank, National Association

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