Salem Lumber Co.

$55,400 PPP Loan in Salem, South Dakota

Loan Details

Loan Number
6655167005
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$55,400
Current Approval
$55,400
Forgiveness Amount
$55,840
Forgiveness Date
Feb 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Salem Lumber Co.
Address
Po Box 369
City
Salem
ZIP Code
57058-0369
Business Type
Corporation
Industry (NAICS)
Retail Trade (444190)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
SD-

Loan Use Breakdown

Payroll
$41,550
Rent
$4,617
Utilities
$4,616
Mortgage Interest
$4,617

Lender Information

Servicing Lender
First Dakota National Bank
Originating Lender
First Dakota National Bank

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