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Salem Tools Inc.

$1,357,100 PPP Loan in Salem, Virginia

Loan Details

Loan Number
7127968409
Date Approved
Feb 11, 2021
Loan Status
Paid in Full
Initial Approval
$1,357,100
Current Approval
$1,357,100
Forgiveness Amount
$1,367,655
Forgiveness Date
Nov 22, 2021
Term
60 months
Draw
Second 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 (423840)
Business Age
Existing or more than 2 years old
Jobs Reported
105
Estimated Revenue
$32.2M
Rural/Urban
Urban
Congressional District
VA-06

Loan Use Breakdown

Payroll
$1,357,095
Utilities
$1

Lender Information

Servicing Lender
Freedom First Fcu
Originating Lender
Freedom First Fcu

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