Salem's, Inc.

$143,400 PPP Loan in Marble Falls, Texas

Loan Details

Loan Number
6848637000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$143,400
Current Approval
$143,400
Forgiveness Amount
$144,500
Forgiveness Date
Jan 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Salem's, Inc.
Address
514 N US Highway 281
State
Texas
ZIP Code
78654-5709
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (448310)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
TX-25

Loan Use Breakdown

Payroll
$136,230
Rent
$5,000
Utilities
$2,170

Lender Information

Servicing Lender
First United Bank and Trust Company
Originating Lender
First United Bank and Trust Company

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